EUR/GBP Forecast November 22, 2016, Technical Analysis

The euro initially rallied against the British pound on Monday but then turned around to fall through the 0.85 level at one point. This is a market that continues to grind lower, and I believe is trying to reach the 0.8350 level below, but it isn’t necessarily going to be the easiest move in the world due to all the noise. Short-term rallies could offer selling opportunities on short-term charts, as we continue to make that grind. For myself, I will probably stay on the sidelines as I think there are easier markets to deal with.