By FXEmpire.com
The EUR/GBP pair fell hard on Wednesday as the Euro got pummeled overall. The dovish remarks by European Central Bank head Mario Draghi suggested during the press conference that the EU was going to be very weak economically going forward and this caused the Euro to fall. This pair has been testing the 0.83 support level lately, and as a result it appears that the last vestiges of it are giving way. The 0.8250 level is our sell signal in this pair. A braking of the bottom of the Wednesday session would be enough to have us selling. Obviously, we aren’t looking to buy at this point.
EUR/GBP Forecast April 5, 2012, Technical Analysis
Originally posted here
