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EUR/GBP forecast for the week of March 27, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Mar 25, 2017, 05:35 UTC

The EUR/GBP pair had a volatile week, forming a slightly negative and yet neutral candle at the same time. I believe that the market may drift a little

EUR/GBP weekly chart, March 27, 2017

The EUR/GBP pair had a volatile week, forming a slightly negative and yet neutral candle at the same time. I believe that the market may drift a little bit lower but there is significant support below, especially near the 0.85 handle. Alternately, if we can break above the top of the weekly candle, I believe that the market will then eventually go higher, perhaps even reaching towards the 0.90 handle. There is a lot of volatility in this pair, because it is essentially “Ground Zero” for the Article 50 being triggered.

EUR/GBP Video 27.3.17

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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