EUR/GBP Forecast January 5, 2017, Technical Analysis

The EUR/GBP pair had yet another choppy day on Wednesday as the market seems content to hang about the 0.85 level. Currently, I don’t really see much in the way of a trading opportunity when it comes to this pair, as both currencies are struggling overall. As soon as we produce an impulsive candle, that will change, and I am the first to admit that I have more of a downward bias currently. However, this market is not producing anything as far as trading signals are concerned, so I am content to sit on the sidelines.