By FXEmpire.com
The EUR/GBP pair fell hard during the Tuesday session as the Euro continues to suffer at the hands of the market. With Spanish bonds skyrocketing in yield, it looks as if the euro should continue to suffer in the future.
This pair has been in a strong bearish trend, and we even had a daily flag that suggested we were going to 0.76 before the move was all said and done. We still believe that is the case, and in fact we are under 200 pips away at this point in time. Because of this, we are short, will remain short of this pair, and are looking to add on rallies that show weakness. Buying is an even a thought at this point in time.
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Originally posted here
