EUR/GBP Forecast November 25, 2015, Technical Analysis

The EUR GBP pair broke higher during the course of the day on Tuesday as we have seen quite a bit of support appear at the 0.70 level. We believe that the market will probably continue to go higher, but there should be a significant amount of resistance near the 0.72 handle. Any type of resistive candle should be a selling opportunity as the market will certainly has quite a bit of downward pressure on it. With this, it’s only a matter time before he break down but we also recognize that the buyers have reentered.