By FXEmpire.com
The EUR/GBP pair fell for the week as the previous week’s pop was completely reversed. In fact, the candle is a bearish engulfing candle to suggest that the market will fall. The 0.80 level has offered support again, but the overall look of this market looks very weak. A break of the lows is what is needed in order to sell this pair again for a longer-term trade. The buying of this pair isn’t a thought at this point in time as the trend is so far to the downside, and we aren’t even looking at this possibility.
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Originally posted here
