EUR/GBP Forecast October 31, 2016, Technical Analysis

In the EUR/GBP pair broke higher during the course of the session on Friday, testing the 0.90 level. Ultimately, I do think that there is a bit of resistance above there so we need to break above the 0.9050 level in order to continue to go higher. If we pullback from here, I believe that will be more than enough support below to continue the upward pressure and therefore I have no interest in selling. Also, I believe there is a little bit of an uptrend line just below that should continue to push this market to the upside.

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