EUR/GBP Forecast December 7, 2016, Technical Analysis

The EUR/GBP pair initially fell during the day on Tuesday, but turned around to form a hammer. On a break above the top of the hammer, the market will trying to dig into the massive noise all the way up to the 0.87 handle. An exhaustive candle above is a selling opportunity and that’s exactly on going to look at it. I have no interest in buying, I believe that it is going to be very difficult to continue to go higher. If we break down below the bottom of the hammer would be a selling opportunity as well. - 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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