EUR/GBP Forecast February 6, 2017, Technical Analysis

The EUR/GBP pair rally during the day on Friday, as the market looks likely to see buyers come into pick up value every time it dips. If we can break above the highs from the Friday session, I believe that the market then reaches towards the 0.7 handle above. The 0.85 level underneath continues to be massively supportive, and with that being the case I have no interest in selling this market as it is so well supported. Nonetheless, I anticipate that there’s going to be a lot of choppiness and volatility either way.

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