EUR/GBP forecast for the week of August 28, 2017, Technical Analysis

The EUR/GBP pair broke higher during the week, breaking towards the highs that had been made late last year. The market is getting a bit overextended, but I believe that buying is the only thing you can do. Pullbacks should find plenty of support near the 0.90 level, and therefore I think that you should look at pullbacks as buying opportunities. Ultimately, the market will probably go to the 0.95 handle, and then after that the parity level. I have no interest in shorting this market until we were to do breakdown below the 0.88 level, something that doesn’t look very likely anytime soon.

EUR/GBP Video 28.8.17