EUR/GBP Forecast July 21, 2016, Technical Analysis

The EUR/GBP pair fell slightly during the course of the session on Wednesday, but as you can see has quite a bit of noise just below. Because of this, it’s very likely that we will get a bounce sooner or later. It makes sense also about the Euro would continue to strengthen against the Pound, due to the United Kingdom choosing believe the European Union. However, this is a market that tends to be very choppy and volatile, so with this being the case it’s likely that we will see more of a grind to the upside more than anything else.