EUR/GBP Forecast March 30, 2017, Technical Analysis

The EUR/GBP pair went back and forth during the session on Tuesday, as we continue to see quite a bit of confusion. This is “Ground Zero” of the Article 50 being triggered. Because of this, expect a lot of trepidation when it comes to putting serious money to work so I think we’re going to continue to see a lot of this choppiness. After all, things are a bit unknown on both sides of the English Channel. If that’s the case, this is going to be very difficult pair to trade and I think that using a range bound strategy such as Bollinger Bands might be the way to go.