EUR/GBP attempted to rise during the session on Tuesday, but the zone we mentioned in the previous videos from 0.83 to 0.84 held firm. The failure looks as if it could send the pair lower, but the daily candle was a wild looking doji. The breaking of the lows from Tuesday would be a nice sell signal as we move back down to the 0.80 level. We will not buy this pair as the resistance level is clearly too close to the current price, and only would if we close well above the 0.84 level.
EUR/GBP Forecast January 25, 2012, Technical Analysis
Originally posted here
