By FXEmpire.com
The EUR/GBP pair continued to grind away over the last 5 sessions as the pair is currently “stuck” between the 0.83 and 0.84 handles. The pair seems to be at a steady and consensual equilibrium, and as such there are no real long term opportunities in this market until we either break below the 0.83 level, or above the 0.85 level. Until one of these things happens, long term traders will find very little appealing about this market. As such, we see the market as a simple scalping situation with a 100 pip range.
EUR/GPB Forecast for the Week of March 26, 2012, Technical Analysis
Originally posted here
