EUR/GBP Forecast December 2, 2016, Technical Analysis

The EUR/GBP pair fell initially on Thursday, but turned around to form a massive hammer. The hammer of course is a bullish sign but I think it will only offer selling opportunities above on signs of exhaustion. A break down below the bottom of the hammer of course is a selling opportunity as well. I believe that the 0.8350 level will continue to be tested to see whether it can hold as support. I have no interest in buying this pair, at least not until we break above the 0.87 level which would be a very bullish sign. - 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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