By FXEmpire.com
The EUR/GBP pair had a bullish week over the last five sessions as the 0.80 level continues to hold. The 0.80 handle is a magnet for prices in this pair historically, so it makes sense that the pair will find some kind of reaction at this point. The 0.81 level is the top of the most recent consolidation in this market, and a break of this area has this market rising to the 0.83 level. If we break the bottom of the recent weekly candles, we could see a run down to the 0.75 level. In the meantime, we are on the sidelines waiting for one of these two things to happen.
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Originally posted here
