EUR/GBP Forecast March 4, 2016, Technical Analysis

The EUR/GBP pair rose slightly during the course of the day on Thursday, as it looks like we are going to find a bit of support at the 0.77 handle. Because of this, we believe that the market will grind its way back to the 0.79 level given enough time. This might be a decent pair to Hamid in during the course of the session on Friday as we have the Nonfarm Payroll Numbers coming out of America, and that quite often can cause quite a bit of volatility overall. Having said that, the market looks as if buying is the only thing you can do.

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