By FXEmpire.com
The EUR/GBP pair fell for the week, breaking below the 0.82 handle as the situation in the United Kingdom is rapidly changing from an inflationary standpoint. The central bank there even mentioned as such, and since then, the Pound has outperformed many other currencies. With this in mind, we are bearish of this pair as the European Union continues to struggle with all things debt related. With this in mind, we sell weakness at the 0.83 level or a break below the low from this week as it would show continuation.
Click here to read EUR/GBP Technical Analysis.
Originally posted here
