EUR/GBP Forecast January 26, 2017, Technical Analysis

The EUR/GBP pair broke down a bit during the day on Wednesday, reaching towards the 0.85 handle. This is an area that I think there’s going to be quite a bit of interest in, so unless you have already short of this pair, it’s a most impossible to get involved. Both currencies have their own problems, as a quite frankly I’m not overly interested in trading this pair at the moment. However, this is a great way to figure out which currency to trade against the US dollar. Currently, it looks as if the EUR will continue to struggle in general.