By FXEmpire.com
The EUR/GBP pair continued to show weakness on the Thursday session as the pair failed at an attempted rally. At this point in time, it is sitting right on top of the 0.80 handle, and we think that the level should attract those who are “value hunters”. However, it is hard to think of going long this market, and with the shooting star that was formed during the Thursday session, this pair looks as if it is trying to gain steam in order to break down to lower levels again. Because of this, we are going to short this pair once we are below the 0.80 level for four hours. Buying isn’t a thought at the moment as the European Union continues to struggle with problems.
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Originally posted here
