EUR/GBP Forecast November 9, 2015, Technical Analysis

The EUR/GBP pair went back and forth during the course of the session on Friday, showing quite a bit of indecisiveness. With that being the case, and the fact that both the Euro and the Pound have broken down drastically against the US dollar, this is a market that is probably going to be quite volatile and difficult to trade. If we break above the top of this candle, we still have a significant amount of resistance to turn things back around. However, if we fall from here there is most certainly a massive amount of support below. We are on the sidelines.