EUR/GBP Forecast March 24, 2017, Technical Analysis

The EUR/GBP pair fell slightly during the session on Thursday, testing the 50-day exponential moving average. There is a significant amount of support just below though, so I will be interested in seeing what happens next. Currently, both currencies look like they are starting to strengthen against the US dollar, so that will probably offer quite a bit of choppiness in this market. The 0.85 level below will be psychologically significant, so expect quite a bit of short-term support in that area. If we can break above the top of the shooting star from the Wednesday session, that would be a buying opportunity. - 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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