EUR/GBP Forecast March 13, 2017, Technical Analysis

The EUR/GBP pair broke higher during the day on Friday, slicing through the 0.87 handle. This is a market that looks as if it is going to continue to go higher, and I think that at this point pullbacks will be buying opportunities. Expect to see support near the 0.8650 level, as there was a cluster of order flow in that region. The Euro continues to look strong over the next couple of sessions in my estimation, and that should translate into a higher trading range in this market. This is one of the stronger short-term moves that I see.

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