EUR/GBP Forecast December 30, 2016, Technical Analysis

The EUR/GBP pair had a positive session on Thursday, as we continue to see the market tried to rally. However, the 0.87 level above is the top of a very volatile section, so I believe it’s only a matter of time before the sellers come back and turn this market right back around. Because of this, I am waiting for an exhaustive candle to start selling. I have no interest whatsoever in buying this market, but rather would prefer to simply wait for “value” in the British pound going forward. Ultimately, patients will be needed.