EUR/GBP Forecast March 31, 2017, Technical Analysis

The EUR/GBP pair fell significantly during the day on Thursday, testing the 100-day exponential moving average. This is a market that is essentially going to be “Ground Zero” for the Article 50, so I think that volatility will continue to be a serious issue. I believe it is only a matter of time before we get a reversal, but it is going to be short-term trading in a back and forth manner that I expect longer term. You may be better served to be on the sidelines currently, but I feel that we have more of a downward bias over the next session or so.