EUR/GBP Forecast January 20, 2017, Technical Analysis

The EUR/GBP pair fell during the day on Thursday, showing even further negativity has entered the market. At this point, I believe that the market is going to reach towards the 0.86 level underneath, and perhaps even further. Ultimately, I think volatility will be very high in this pair, so with this being the case you will have to be able to deal with quite a bit of noise. Ultimately, I think that you will probably have to trade this market off short-term charts more than anything else. This has more to do with the British pound than anything else.