EUR/GBP Forecast April 13, 2017, Technical Analysis

The EUR/GBP pair fell during the day slightly on Wednesday, as we continue to see quite a bit of volatility in this pair. It makes quite a bit of sense though, because of the fact that the headlines around the British leaving the European Union have taken front and center most days. Because of this, it’s not surprising to see a very choppy session form, and it should be noted that the 200-day exponential moving average underneath causing support is not a surprise either. With this, I remain very ambivalent when it comes to this market.