By FXEmpire.com
The EUR/GBP pair rose during the Thursday session as the Euro gained overall. The “risk on” situation was more of a “Europe isn’t’ that bad” type of attitude, and the market found support at the lows as a result. The market looks as if it is trying to bounce, but there are a few different spots that should produce resistance above. The 0.83 level is the first one we must watch, and selling on signs of weakness in that area. The breaking of the lows and more specifically the 0.82 handle will have us selling as well. We are not buying at this point.
EUR/GBP Forecast April 13, 2012, Technical Analysis
Originally posted here
