By FXEmpire.com
The EUR/GBP pair had a wild session on Friday as it formed a wicked looking shooting star. The pair managed to close below the 0.80 level at the end of the session, and as a result we are prepared to sell this market. The bearish candle gives us a signal to be short of this pair on a break of the bottom of the Friday range, and we think this pair is ready to fall apart if the right bearish headline comes out over the next couple of sessions. As for buying, we simply won’t until we are well past the 0.81 level now.
Click here to read EUR/GBP Technical Analysis.
Originally posted here
