By FXEmpire.com
The EUR/GBP pair attempted to rally during the Wednesday session, but fell in the end to contain itself within the potential bearish flag that we’ve been talking about. We think that this currency pair should continue lower, and a break of the bottom of the flag suggests to the marketplace that we are heading down to the 0.75 level. Because of this, we are willing to sell this currency pair at any level of the shows a shorter-term resistive tone. This would include of course the Wednesday afternoon action which already has us selling.
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Originally posted here
