By FXEmpire.com
The EUR/GBP pair rose on Friday as the bullish momentum picked up at 0.83 continued. The Euro is enjoying a little bit of a reprieve from the negative headlines lately, and is able to float higher in turn. The levels that this pair trades in at the moment are still tight, and it looks as if the 0.84 level will continue to keep prices down. It is because of this that we now see this market as a purely scalping environment as the bottom and top of the range are a mere 100 pips from each other. With this in mind, we still prefer selling in the long run, and will fade weakness at the 0.84 handle.
EUR/GBP Forecast March 26, 2012, Technical Analysis
Originally posted here
