By FXEmpire.com
The EUR/GBP pair attempted to rally on Tuesday as the Pound slumped overall in the early hours. The pair has been in a serious downtrend, and with all of the drama coming out of Europe, this is hardly a surprise. The British Pound had a nice rally against both the Euro and Dollar at the end of the day as well, and as a result, the Pound is one of the strongest major currencies at the moment.
With this in mind, the pair formed a shooting star just at a resistance area. The breaking of the bottom of the Tuesday candle would signal fresh selling at this point – and that is exactly where we would do it from.
Click here to read EUR/GBP Technical Analysis.
Originally posted here
