EUR/GBP Forecast June 7, 2016, Technical Analysis

The EUR/GBP pair fell during the day on Monday, after initially trying to rally at the very open. That being the case, it looks as if the market isn’t going to be able to rally for a longer period of time, so having said that, it’s a market that that seems very volatile, and is headline driven as we worry about the United Kingdom leaving the European Union. As long as that’s the case, expect this market to be choppy and very difficult to deal with. Short-term traders will probably be attracted to this market more than anything else.