By FXEmpire.com
The EUR/GBP pair continued the fall on Tuesday as the Euro continues to be a currency that has far too many negative headlines surrounding it to be held onto for any great length of time. The Pound isn’t necessarily the greatest currency to own either, but on a relative basis, it isn’t as tarnished as the Euro. The pair has been in a downtrend for a while now, and the action on Tuesday did nothing to change that. The 0.80 level below will continue to offer support, and as a result we think this pair will continue to bounce around in this area. A daily close below this level has us selling this pair aggressively. As for buying, we don’t.
Click here a current EUR/GBP Chart.
Originally posted here
