By FXEmpire.com
The EUR/GBP pair continued to chop around between the 0.83 and 0.84 levels on Monday as traders simply cannot decide between the two. The two economies are interconnected, so this certainly would have played into the moves by the market as well. The 0.84 level above looks very resistive, and the 0.85 level above that even more so. The 0.83 level has been holding tight as support and with all of the choppiness at the moment, this pair is the domain for scalpers. Until we clear the 0.85 level to the upside, or close below 0.83, this is a pair we aren’t trading much.
EUR/GBP Forecast March 27, 2012, Technical Analysis
Originally posted here
