By FXEmpire.com
The EUR/GBP pair rose during the session on Monday as the Euro got a nice bounce against many of the other currencies around the globe. The 0.81 level is a larger resistance level, and as a result we aren’t ready to buy this market yet. A daily close above the 0.81 handle is a buy signal, and as a result we like buying only after that happens. In the meantime, we are waiting to see if we get a weak candle in the 0.81 level to sell as it is also the site of a gap from a couple of weekends ago.
Click here a current EUR/GBP Chart.
Originally posted here
