By FXEmpire.com
The EUR/GBP pair is one that has struggled to find any kind of direction for the last couple of months. Recently, there was a breakout up to the 0.85 level, but this move was pushed back, and the pair is still stuck between the 0.83 and 0.84 levels. This market is one that is absolutely impossible to play from a long-term standpoint, and as such we don’t. The trigger prices would be a daily close above the 0.85 handle in which to buy this market, or a daily close below the 0.83 handle in which to sell it. Until then – we are flat.
EUR/GBP Forecast for the Week of April 2, 2012, Technical Analysis
Originally posted here
