EUR/GBP Forecast March 14, 2017, Technical Analysis

The EUR/GBP pair fell on Monday, retracing some of the gains it had recently made. However, this is a very bullish market as of late, and I believe that will continue to be the case. I think a supportive candle somewhere near the 0.8650 level could be a buying opportunity. Ultimately, I believe that this market will remain choppy but I think an upward bias will probably be what we see overall. The 0.85 level underneath is massively supportive, so therefore I don’t think that the sellers are going to be able to take over anytime soon.

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