EUR/GBP Forecast April 25, 2017, Technical Analysis

The EUR/GBP pair gapped at the open on Monday, slamming into the 0.85 handle. By doing so, the market has shown quite a bit of resiliency, and as a result of this I find that it is going to be an absolute mess. I feel that it’s probably best to stay away from this market in the short term, and let things settle down. The 0.85 level of course is a large, round, psychologically significant number, and that of course will always attract quite a bit of attention. At this point, I’m on the sidelines and waiting for a clear signal. - 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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