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. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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