EUR/GBP Forecast March 27, 2017, Technical Analysis

The EUR/GBP pair rallied off the 50-day exponential moving average on Friday, as it looks like we will continue to see quite a bit of choppiness. If we can break above the top of the range for the session on Monday, I believe that the market will probably reach towards the 0.88 handle. If we break down from here, I think the 0.85 level is massively supportive and essentially the “floor” in this market place. With the Article 50 coming, it’s likely that we will continue to see quite a bit of volatility and choppiness.