EUR/GBP Forecast March 21, 2017, Technical Analysis

The EUR/GBP pair rallied slightly during the day on Monday, testing the 0.8650 level for support. I think that the market is going to continue to go higher from here, perhaps reaching towards the 0.88 handle above. Even if we did fall, I think the 0.86 level should be supportive, and we are most certainly finding quite a bit of bullish pressure underneath, meaning that I think the EUR still has a way to go against the British pound longer-term. There are a lot of concerns when it comes to the Article 50, and that is probably part of the reason for the move.

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