EUR/GBP Forecast May 1, 2017, Technical Analysis

The EUR/GBP pair tried to rally during the session on Friday, but finds the market a bit too bearish. If we can break down below the 0.83 level, I feel that the market will extend the longer-term breakdown from the head and shoulders that we had seen recently. Because of this, I am waiting to see if we get that clearance of that I can start shorting. I don’t have any interest in buying, least not until we break above the recent high near the 0.8520 handle. Expect a lot of volatility regardless of what happens. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the