EUR/GBP Forecast February 22, 2017, Technical Analysis

The EUR/GBP pair fell significantly during the day on Tuesday, slicing below the 0.85 handle. When it up testing the 0.8450 level which has been supportive in the past. If we can break down below the bottom of the range for the session on Tuesday, I think that the market will then reach towards the 0.83 level after that. The market looks likely to continue to sell off every time we rally, but I have no interest in pressing my look at the moment as the market looks like it is trying to roll over.

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