EUR/GBP fell again on Wednesday as the Euro continues to fall against most other currencies. The problems in the EU continue to worry the markets, and the EUR/GBP speaks volumes as the market isn’t exactly enamored by the Pound either. The candle looks a bit supportive at the 0.84 level, and a bounce would be viewed as a selling opportunity. The 0.85 level could be retested to check for resistance in the near future, and a failure would be a massive sell signal. We are selling rallies, and will not buy this pair.
EUR/GBP Forecast December 15, 2011, Technical Analysis
Originally posted here
