By FXEmpire.com
The EUR/GBP pair fell on Wednesday to trigger the sell signal under the bottom of the shooting star on Tuesday. This simply signals further weakness in this pair, and we maintain that the 0.80 handle is still our destination, even though this pair tends to grind instead of flow. Simply being patient is probably the best advice for trading this pair as it chops around quite a bit at times. The 0.81 level looks set to give way now, and as a result we are adding to short positions under that level. We are not buying this market under any circumstances at the moment.
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Originally posted here
