EUR/GBP daily chart, October 3, 2016

EUR/GBP Forecast October 3, 2016, Technical Analysis

The EUR/GBP pair fell a bit during the course of the session on Friday, but turned around to form a hammer. I believe we are trying to break out above the 0.87 level, and it may take several attempts to do so. With that being the case, I see buying opportunities on pullbacks that show signs of support, just as I see a buying opportunity on a break above the top of the shooting star from earlier this week. I have no interest whatsoever in selling this market as it looks very well supported.