EUR/GBP forecast for the week of September 4, 2017, Technical Analysis

The EUR/GBP pair initially rally during the week, but turned around at the 0.93 level. The market has turned around to form a negative candle, but I think this is more of a pullback than anything else. The 0.90 level should offer support, so being patient and waiting for a buying opportunity at lower levels will make trading this market much easier. I do not want to short this market, as I think that the uptrend should continue longer term. We have gotten a bit ahead of ourselves, so it makes sense that we run out of momentum.

EUR/GBP Video 04.9.17