By FXEmpire.com
The EUR/GBP pair fell during the session on Wednesday in order to touch the 0.80 level again. The pair then bounced a bit, essentially to form a doji for the day. The pair likes to grind sideways, and it looks as if we could be getting ready to do just that. The 0.80 level looks supportive, and the 0.81 level looks resistive. However, we prefer a selling position instead of buying as the overall pressure seems to be to the downside. On a break of the recent lows, we would be aggressive sellers. At this point in time, we have no scenario to buy this market.
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Originally posted here
