EUR/GBP Forecast January 17, 2017, Technical Analysis

The EUR/GBP pair gap tire at the open on Monday, and then turned around to fall and try to fill that gap. It looks as if we are breaking out to the upside now though, so some type of support candle should send this market reaching towards the 0.89 level above where I see resistance. Ultimately, I don’t have any interest in selling anymore, it looks as if the British pound is certainly starting to get sold off yet again. I don’t like the Euro, but it certainly doesn’t have as much bearish pressure as the British pound does currently.