By FX Empire.com
EUR/GBP fell hard during the Wednesday session as we pointed out it could on Tuesday. The Germans had a poor bond auction, propelling this pair lower as a result. The 0.86 level as slowed down the descent, and could produce a slight bounce, but the rout seems to be on, and the 0.85 level should be seen next. This pair can be sold on rallies in our opinion.
EUR/GBP Forecast Nov. 24th, 2011, Technical Analysis
Originally posted here
