EUR/GBP rose during the session on Tuesday originally as the pair pulled back from its recent fall. The pair is certainly in a down trend, and the failure to hold those gains later in the session on Tuesday only seems to confirm this. The shooting star is formed at the 0.893 level essentially, and gives us another sell signal if the market can break the bottom of the range. We cannot buy this pair as there is far too many reasons to sell the Euro presently.
EUR/GBP Forecast January 11th, 2012, Technical Analysis
Originally posted here
