EUR/GBP fell again for the session, and even broke below our trigger point of 0.83 to confirm a sell order. The pair seems to show that the direction is still down, and the 0.80 level will more than likely continue to be the fulcrum of this pair going forward. (Over long term charts, the level is vital.) The selling of this pair on rallies will continue to be our strategy on the short time frames. Buying isn’t even a thought at this point.
EUR/GBP Forecast January 5th, 2012, Technical Analysis
Originally posted here
