By FXEmpire.com
The EUR/GBP pair continued to rally on Friday as the Euro clawed back. The gap from two weekends ago hadn’t been filled yet, and it appears that it is about to be done. The 0.81 level above that gap should be resistive going forward, and as a result we are looking for weakness in this area in order to sell. The buying of this pair wouldn’t be considered until we spend two days above the 0.81 handle. In the meantime, we prefer selling as the trend is decidedly bearish despite the recent bounce.
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Originally posted here
