EUR/GBP forecast for the week of May 16, 2016, Technical Analysis
The EUR/GBP pair went back and forth during the course of the week, testing the 0.7850 level. This is a market that has quite a bit of upward pressure and it, so it’s only a matter time before we go higher in our opinion. A break above the top of
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The EUR/GBP pair went back and forth during the course of the week, testing the 0.7850 level. This is a market that has quite a bit of upward pressure and it, so it’s only a matter time before we go higher in our opinion. A break above the top of the week should send this market looking towards the 0.81 handle. Ultimately, with all of the concerns of the United Kingdom leaving the European Union, we believe that the Euro will continue to be stronger than the Pound in general.
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