By FXEmpire.com
EUR/GBP fell hard for the session on Monday as traders came back to a relatively quiet market in general. This particular pair was the outlier Monday; it may be because of the Spanish bond yields rising again that money was flowing from your up to the United Kingdom. With this in mind, make sense of this pair did fall again, and now has retested the 0.80 level during the end of the session.
There’s been a bearish flag in this market that we’ve been talking about for some time now. It is actually been broken before, and this looks almost as if a retest and a failure to. break above the bottom line. With this being said, a daily close below the 0.7980 level has a selling this market yet again. Based upon the flag, we expect a run to the 0.76 level if all works out.
Click here to read EUR/GBP Technical Analysis.
Originally posted here
