EUR/GBP Forecast October 28, 2016, Technical Analysis

The EUR/GBP pair initially fell during the day on Thursday, but found enough buying pressure underneath to reach towards the 0.90 level above. That’s an area that should be resistive, so we can break above there I think we could continue higher. Ultimately though, I believe that pullbacks will be buying opportunities based upon support, and I have no interest whatsoever in selling. I think that the 0.87 level above is the “floor” in this market, and with that being the case it’s only a matter time before the uptrend continues in this pair.