By FXEmpire.com
The EUR/GBP pair fell for the session on Friday as the markets sold off the Euro in general. Spanish bonds found a lot of trouble selling, and the lower than expected numbers out of China did very little to get people excited about buying into the European Union debt markets. The area that the pair traded in is at the recent lows, and this bounce that we saw at the end of the session wouldn’t have been all that unexpected. However, the pair is very bearish, and we look at rallies as things to be sold. A break lower and south of the low from the early part of January (sub-0.82) has us selling as well.
EUR/GBP Forecast April 16, 2012, Technical Analysis
Originally posted here
