EUR/GBP Forecast February 7, 2017, Technical Analysis

The EUR/GBP pair initially fell on Monday but found enough support at the 50-day exponential moving average to turn around and show signs of positivity. If we can break above the top of the candle for the session, I believe that the market will then grind its way to the upside again. I have no interest in selling, and I look at short-term pullbacks will continue to be buying opportunities in a market that has had a significant rebirth in bullish pressure as of late. The 0.8850 level will eventually be the target for the buyers.

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