The EUR/GBP pair fell hard after first attempting to rally on the session Friday. The pair managed to slip underneath the 0.81 level, and now is comfortably below that mark. The trend is down, so we definitely agree with the sentiment and are willing to sell this pair on a break lower. The upside we feel is going to be limited at this point, and we aren’t willing to buy under any circumstances now. A break below the 0.80 level on a daily close has us selling aggressively at that point as it would show a real capitulation by the bulls.

Click here to read EUR/GBP Technical Analysis.

Originally posted here