EUR/GBP Forecast November 17, 2016, Technical Analysis

The EUR/GBP pair did almost nothing during the day on Wednesday, as we continue to see the market settle down after the recent selloff. This is a market that should continue to be fairly quiet until we make some type of larger move, based upon longer-term charts possibly. I have no interest in trading this market and I believe that the EUR and the Pound could be easier to trade against other currencies instead of each other. Nonetheless, I think sooner or later the buyers will return but clearly are ready to do so quite yet.