EUR/GBP Forecast March 3, 2017, Technical Analysis

The EUR/GBP pair fell a bit during the day on Thursday but found enough support at the 50-day exponential moving average to turn things around. The markets should continue to be volatile, but right now I still think there is a significant amount of resistance just above that could get in the way. Because of this, I believe it’s only a matter of time before the market should make a stronger decision, and I will wait until that happens. I will keep you abreast on what I am doing over the next several sessions.

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