EUR/GBP Forecast January 30, 2017, Technical Analysis

The EUR/GBP pair had a positive Friday, as we continue to see a lot of attraction to the market near the 0.85 handle. This is an area that I think will continue to be important, and if we can break above the top of this candle the market will more than likely go reaching towards the 0.86 handle. Having said that, this is a market that has a lot of volatility at the core of its own nature, so you’re going to have to deal with that. If we breakdown below the 0.8475 handle, we will more than likely reach down to the 0.84 handle.

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