By FXEmpire.com
The EUR/GBP pair initially rose for the week as the markets found 0.81 to be supportive. However, by the end of the week we saw massive Euro selling on all fronts, and this would continue to punish this pair. The Pound has been overly strong, and as a result it makes sense that this pair falls. Given the general disposition of both currencies in relationship to the Dollar, it makes us even more bearish of this pair. Now that the pair is testing the 0.81 level, it is more than likely only a matter of time before we see 0.80 in this market.
Click here to read EUR/GBP Technical Analysis.
Originally posted here
