EUR/GBP Forecast November 14, 2016, Technical Analysis

The EUR/GBP pair fell during the day on Friday, but turned around a bit as we see signs of support. If we can break back above the 0.87 level, I feel that the market will reach towards the 0.90 handle again. I also recognize that the 0.85 level below should be supportive as well. If we can break down below that, the market should then reach towards the 0.8350 level. Regardless of what happens, this is a market that should end up being very volatile. The market should continue to show quite a bit of choppiness due to the fact that the Euro itself seems to be collapsing.

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