By FXEmpire.com
The EUR/GBP pair tried to gain for the session on Wednesday, but saw the same result as the Tuesday rally did – a failure. The resulting shooting star is the second one in a row, and sitting just on top of the 0.82 level – a major site of support in this pair. If we can manage to break below 0.82, this pair should run down to the 0.80 level. It certainly looks as if this is the next move, and we simply wait for it to happen in order to join the bears. We are not buying at all now.
EUR/GBP Forecast April 12, 2012, Technical Analysis
Originally posted here
