EUR/GBP Forecast February 3, 2017, Technical Analysis

The EUR/GBP pair found the 0.85 level to be supportive enough to form a very bullish candle. Because of this, the market looks as if it is going to continue going higher, and with this being the case, I am willing to buy this market but I also recognize that there is a lot of choppiness just above. The 0.85 level underneath should continue to be support, so because of this I am not willing to sell this market. However, if we broke down below the 0.8450 level, the market could fall from there.