By FXEmpire.com
The EUR/GBP pair continued to fall on Wednesday as the Euro troubles are on the forefront of most investors minds these days. The EUR/GBP pair has seen the rise of the Pound recently as well, and because of this the pair has been particularly trending. The fall in this pair is absolutely no accident, and selling this pair is the only way to trade it at this point. However, we have had a target of 0.80 up until now, and as we are getting close to this major handle, there is a risk of a bounce at this point. Because of this, we like the idea of selling rallies going forward on the first sign of weakness. Of particular note is the 0.81 handle that should be resistive going forward, and we will be especially interesting in selling from there on a weak candle, be it daily or even on the 6 hour chart.
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Originally posted here
