By FXEmpire.com
The EUR/GBP pair had a slightly bullish day during the Tuesday session, but failed to recapture a significant portion of the losses on Monday. The still suggests to us that this pair ultimately will fall, and the flag is still intact is well. The pole of the flag measures for a move down to 0.76 and we think that this is going to be our target eventually. However, hope burns eternal with the Euro and as a result this could be very choppy trade. On a daily close below the 0.7980 level, we would be more than willing to sell. As for buying, we won’t.
Click here to read EUR/GBP Technical Analysis.
Originally posted here
