EUR/GBP Forecast December 9, 2016, Technical Analysis

The EUR/GBP pair initially rallied on Thursday but fell as the Euro got sold off in general. After all, the ECB has extended quantitative easing buying extra 9 months, and that of course is going to be negative when it comes to the value of the currency. We should continue to go lower from here, perhaps reaching down to the 0.83 level underneath. Every time we rally, I’m looking to sell anyway, so this only is more fuel to the fire so to speak. Have no interest in buying, and believe that the Euro will continue to fall over the longer term. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the