EUR/GBP Forecast November 7, 2016, Technical Analysis

The EUR/GBP pair fell slightly during the day on Friday as we continue to test for support below. Ultimately, I think that the” floor” in this market is closer to the 0.87 handle, so if we can reach that area I think any type of supportive candle would be an excellent buying opportunity. The 0.90 level above is resistance, but given enough time I do think that we break above that handle. At this point, expect quite a bit of choppiness of volatility more than anything when it comes to this particular market.

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