By FXEmpire.com
The EUR/GBP pair fell during the Thursday session, to break the triple low that we had seen formed earlier this week. This of course is a very bearish signal, and as such many traders would have shorted this market. However, we currently set at the 0.78 level, and this should be support based upon the round whole number. With this in mind, we are looking to the shorter-term charts to sell rallies as they appear on week candles, or a move below the 0.78 level on perhaps the hourly chart. As things stand right now, we have no interest in buying this market.
Click here to read EUR/GBP Technical Analysis.
Originally posted here
