EUR/GBP Forecast June 20, 2016, Technical Analysis

The EUR/GBP pair initially tried to rally during the day on Friday but turned around to form a very small shooting star. With this, looks as if the market is going to grind lower, but if we did manage to break above the top of the shooting star, I would be expecting this market to reach towards the 0.80 level yet again. Ultimately, there is a lot of volatility in this area so you will have to be quick and nimble to place any types of trade in this area. If we did break down, 0.7750 would be the target.

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