EUR/GBP Forecast February 10, 2017, Technical Analysis

The EUR/GBP pair had a volatile session on Thursday, testing the 0.85 level for support. It looks as if there is a massive amount of bullish pressure just underneath, so I believe that we will more than likely bounce from here. If we can break above the top of the range for the day, the market should continue to go higher. Alternately, if we can break down below the 0.8450 level, the market then will probably reach towards the 0.8350 level. This pair should continue to be choppy going forward, as it typically behaves like this.