By FXEmpire.com
The EUR/GBP pair had a strongly bearish week, and the 0.83 level has been broken. At this point in time, it looks as if the lows are destined to be broken through, but a small bounce could be coming in the near-term, so we are looking to sell rallies. The breaking of the recent lows would have us selling as well. The 0.83 level should now act as resistance going forward, so we will look to sell on signs of weakness at that point if the pair bounces as well. Buying isn’t an option.
EUR/GBP Forecast for the Week of April 9, 2012, Technical Analysis
Originally posted here
