EUR/GBP Forecast December 16, 2016, Technical Analysis

The EUR/GBP pair fell at the open on Thursday, but found enough support just above the 0.83 level to turn around and form a bit of a hammer. This of course is an area where you would expect to see it, so I’m not surprised that happen. If we can break down below the 0.83 level, the market should then break down to the 0.80 level. Any rally now should be a nice buying opportunity, so with this being the case I feel that if we break above the top of the hammer, we simply will have to look for exhaustive candle so we can sell yet again. - 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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