EUR/GBP Forecast March 22, 2017, Technical Analysis

The EUR/GBP pair rallied during the day on Tuesday, but turned around to form a negative candle. I believe that a breakdown below the bottom of the candle should send this market looking for the 50-day exponential moving average, pictured in red on this chart. A break above the top of the candle would be very bullish, so we have the parameters necessary for placing trades. The 0.8500 level below should be supportive, and essentially the bottom of the market currently. One thing you can count on is quite a bit of choppiness. - 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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