By FXEmpire.com
The EUR/GBP fell on Friday as the pair continues to bounce around between the 0.83 and 0.84 at the moment. The pair seems content to sit in this range, and as such this pair is a scalper’s type of market in the near-term. The pair is more than likely going to suffer low volatility as the two economies are so interconnected, and the situation in Europe still has so much uncertainty to it. We are not involved in the pair, and won’t buy until we see a daily close above the 0.85 level in order to buy, and a daily close below the 0.83 level in which to sell.
EUR/GBP Forecast April 2, 2012, Technical Analysis
Originally posted here
