By FX Empire.com
The EUR/GBP pair was virtually unchanged at the end of the session on Friday. This doesn’t mean that it didn’t move, and in fact it had spent half of its time above the close, and the other half below. The doji that was formed shows that the 0.83 level looks to continue to offer support at the moment. However, the trend is down, and one would have to think that the trend will return. A break below the bottom of the range on Friday would signal another attempt to fall, and we are willing to sell into that move. Buying isn’t a concern until we are above the 0.85 resistance area.
EUR/GBP Forecast February 20, 2012, Technical Analysis
Originally posted here
