EUR/GBP Forecast November 15, 2016, Technical Analysis

The EUR/GBP pair did very little during the day on Monday as we continue to meander just above the 0.86 handle. With this, it’s likely that we could get a bit of a bounce but we will need to break above the 0.87 level before I’m willing to start buying. A move lower is going to be volatile and somewhat choppy, so quite frankly if I want to buy the British pound, I will do it against other currencies as this pair will probably be very volatile with all of the previous noise below. - 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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