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.

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