By FXEmpire.com
The EUR/GBP pair had a fairly strong week for most of the time over the last five sessions, but ended up giving a lot of the gains back in order to form a shooting star at the important 0.81 level. This looks as if the market is setting up to reenter the consolidation area between the 0.81 and 0.80 levels, and as a result we prefer selling, but will wait until the lows are cleared just under the consolidation area. Because of this, we feel this pair is the domain of shorter term traders at the moment.
Click here a current EUR/GBP Chart.
Originally posted here
