By FXEmpire.com
EUR/GBP rose during most of the session on Tuesday, but failed to follow through as the market sold back off. The resulting candle is a massive shooting star at the bottom of the range, so this could suggest that we are finally ready to break this pair down. The 0.83 level is still supportive, and we think that the area is where the real fight happens. If we can close below that level, we are ready to start selling this pair again. We aren’t willing to buy at this point in time based upon the action for the Tuesday session.
EUR/GBP Forecast April 4, 2012, Technical Analysis
Originally posted here
