EUR/GBP Forecast December 12, 2016, Technical Analysis

The EUR/GBP pair initially tried to rally during the course of Friday trading, but turned around to form a negative candle after all. It looks as if we’re going to reach toward to the 0.83 level, which has been rather supportive for some time. If we can break down below there, I feel that the market within reach towards the 0.80 level underneath. We could get a bounce from time to time, but I still believe in selling those rallies as we most certainly have seen so much in the way of negativity.