By FXEmpire.com
The EUR/GBP pair fell again this past week as the Pound has become one of the strongest currencies as of late. The pair has continued to fall over the last several weeks, and we now are in a “sell the rallies” mode in this market, at least until we get a close above the 0.83 mark. The pair should continue to be bearish, and it pays a positive swap on the downside, so selling makes the most sense to us at this point. We will sell more if the lows get broken, and aim for the 0.80 level.
Click here to read EUR/GBP Technical Analysis.
Originally posted here
