EUR/GBP Forecast March 20, 2017, Technical Analysis

The EUR/GBP pair initially tried to rally on Friday but fell slightly and as the consolidation continues. I believe that there is a significant amount of support near the 0.86 level, so as we reach towards that level, I think that the buyers will return. I’m willing to buy this market on a bounce or a supportive candle such as a hammer. However, as this market tends to be rather choppy I’m going to wait until we get a daily close to take any trade. A breakdown below the 0.86 level would send this market looking for the 0.85 handle however. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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