EUR/GBP Forecast March 23, 2017, Technical Analysis

The EUR/GBP pair went back and forth during the day on Wednesday, showing signs of volatility yet again. I believe that the 0.8650 level continues to be slightly supportive, but it looks as if the rallies are starting to get smaller as well. Because of this, I think you will more than likely need to see the market making impulsive candle to place the next trade. I’m on the sidelines currently, but given enough time I believe that the market will lead the way and then we can start following after that.