EUR/GBP Forecast August 30, 2017, Technical Analysis

The EUR/GBP pair exploded to the upside on Tuesday, as the euro itself continues to show massive amounts of strength. Ultimately, I think this pair is going to reach towards the 0.95 level, as the overall uptrend continues. The market still favors the European Union over the United Kingdom when it comes to the negotiations, and I think that will continue to be the main theme in this pair. Buying dips continues to be a strong way to play this market, and I think that the market will not only reach the 0.95 handle, but I think it is very likely that we could be looking at parity before it’s all said and done. I have no interest in selling, and I think that there is a massive floor underneath near the 0.92 handle.

EUR/GBP Video 30.8.17