EUR/GBP Forecast April 10, 2017, Technical Analysis

The EUR/GBP pair tried to rally on Friday but found enough resistance at the 100-exponential moving average to turn around and form a shooting star like candle. I believe that the market should continue to chop around in this area, with the 200-exponential moving average just below the 0.85 handle. With this, I believe that the pair might be difficult to deal with, so therefore the choppiness keeps me on the sidelines for the short term. If we can break down below the uptrend line, I would be a seller longer term. - 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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