EUR/GBP Forecast April 6, 2017, Technical Analysis

The EUR/GBP pair fell on Wednesday, finding resistance at the 100-exponential moving average. Because of this, the market will more than likely try to reach towards the 0.85 level today, but I’m not looking for anything major at this point. After all, both economies have a lot of question marks around them as the UK is set to start the negotiation process to leave. Because of this, I think this will be one of the more difficult pairs to trade in the short-term, but longer-term I think that we may see the symmetric triangle on the longer-term charts tell the story. Currently, we are nowhere near breaking through it. - 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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