EUR/GBP Forecast April 18, 2017, Technical Analysis

The EUR/GBP pair tried to rally during the day on Monday but continues to find the 0.85 level as an area of interest. This caused a bit of resistance, and it looks as if we’re going to try to break down below the uptrend line just below. If we do, I think that the market can go much further, but we will have to wait and see whether that happens. A break above the 0.85 level could be a short-term buying opportunity, but I would suggest that it is only short-term at best. - 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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