By FXEmpire.com
The EUR/GBP pair fell during the Wednesday session as the Euro was punished in general. The bond yields of several of the previous “trouble” countries spiked a bit during the session, and this was always going to hurt the strength of the Euro overall. However, this is a pair that matches two highly interconnected economies, so there is a real chance of choppiness going forward. While favoring the downside is our bias, we need to see a daily close below 0.83 in order to sell. As for buying – we aren’t even considering it at this point.
EUR/GBP Forecast March 22, 2012, Technical Analysis
Originally posted here
