By FXEmpire.com
EUR/GBP fell fairly hard during the session on Tuesday to test the 0.81 level. It did get pierced, but held as support for the session. However, the overall trend is down in this pair, and as a result we prefer to sell in general. The 0.81 level is an interesting one that we have been mentioning as potential resistance lately, but since it has been broken we now have to wait and see if it now will hold as support. If it does, this pair should run to the 0.82 level next. However, we won’t be able to buy until we get a break of the market highs on Monday. As for selling – we will do that if we get sub-0.81 for more than 4 hours.
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Originally posted here
