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. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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