EUR/GBP Forecast February 21, 2017, Technical Analysis

The EUR/GBP pair fell slightly during the session on Monday, testing the 0.85 level below for support. That’s an area that should continue to be of interest in this market, and if we can break down below there we will more than likely reach towards the 0.8450 level. Alternately, if we break above the top of the shooting star from the Friday session, we should then reach to higher levels, as this market would continue to see bullish pressure. Alternately, this is a choppy market and will continue to be so. It will probably be easier to trade these currencies against other ones and not each other.