EUR/GBP Forecast December 23, 2016, Technical Analysis

The EUR rallied against the British pound during the Thursday session, as we approached the 0.85 region. Any exhaustive candle in this area would be a nice selling opportunity as far as I can see, but I don’t expect to get anything significant today. They’re just simply won’t be enough liquidity in the market to make a feasible selling signal. Currently, I believe that we are starting to test serious resistance, so it’s only a matter of time before we get an opportunity to start shorting again. I have no interest in buying.

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