EUR/GBP Forecast December 6, 2016, Technical Analysis

The EUR/GBP pair initially dipped on Monday, but turned around to form a strong candle to the upside. I think that this is the bounce that we have needed to see to have a little bit more of an orderly selloff. I believe that this rally will offer a nice selling opportunity on signs of exhaustion, and that’s exactly what I’m waiting for, and exhaustive daily candle. Ultimately, this is a market that features a couple of soft currencies, but I still believe that the Euro is in much more danger than the British pound. - 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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