EUR/GBP Forecast August 31, 2017, Technical Analysis

The EUR/GBP pair fell apart during the session on Wednesday, as the markets continue to show extreme of volatility. It looks as if the 0.92 level underneath should offer support, and given enough time I think that it’s likely that the market will start going higher again. I have no interest whatsoever in shorting, this is a market that has been in an uptrend for some time. Ultimately, it looks as if the markets favor the European Union over the United Kingdom, and as a result it looks likely that this pair will continue to go higher over the longer term. I look at this dip as a buying opportunity.

EUR/GBP Video 31.8.17