By FXEmpire.com
The EUR/GBP pair spiked during the session on Friday as the EU meeting came together for an agreement to support the Italian and Spanish bonds as well as banks. The spike caught a lot of traders off guard, and has reentered the previous body of the bearish flag, and as a result we suspect this pair will continue to chop around between the 0.80 and 0.81 levels as this pair continues to try and find direction. In the meantime, we are very flat of this market as the lack of direction makes it one of the more difficult ones we follow.
Click here a current EUR/GBP Chart.
Originally posted here
