EUR/GBP Forecast April 24, 2017, Technical Analysis

The EUR/GBP pair tried to rally initially during the day on Friday but continues to find selling pressure above. Because of this, I think that the market is eventually going to break down, and when it does we could fall significantly. I believe that the French election could cause quite a bit of bearish pressure in this marketplace, not to mention the fact that the British pound has recently broken out to the upside. Because of this, I am a seller and have no interest in buying this pair until we break above the 0.85 level for at least a few days.

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