By FXEmpire.com
The EUR/GBP pair rose during the session on Friday as the bounce from the 0.80 happened again. The pair will have found a major area in the form of 0.80, as it is a central point in this pair over the long run. The pair will have a hard time breaking through, but if it does – this pair will fall hard. A break of the level on a daily close would have us selling. A bounce from here isn’t completely unexpected, but we think that the 0.81 level will be very resistive if we get there. The first sign of weakness there, we would sell as well. Buying isn’t the way to go in this market as far as we can tell.
Click here a current EUR/GBP Chart.
Originally posted here
