By FXEmpire.com
The EUR/GBP pair fell fairly hard during the session on Thursday as the Euro was pummeled across the Forex world. The pair managed to break down below the 0.8250 level that we liked as the bottom of support, but didn’t manage to close below it. This formed a bit of a doji, and it looks like we are going into the Friday session a bit undecided. However, the sentiment is fairly obvious, and as such we are selling rallies at this point, and of course bearish actions. This makes sense though, as the EU is heading into recession, and the UK has managed to barely dodge one.
EUR/GBP Forecast April 6, 2012, Technical Analysis
Originally posted here
