By FXEmpire.com
The EUR/GBP pair continued to grind sideways on Tuesday, staying magnetized to the 0.80 level again. The pair has a natural “equilibrium” in this area, so it wouldn’t be overly surprising to see the market find the area comfortable for the time being. However, the trend is most decidedly down overall, and because of this we feel that selling the rallies will be the way to go going forward. Of course, a break of the recent lows also is a nice sell signal as well. We don’t buy this pair at the moment as there are stronger currencies to try against the Pound than the Euro.
Click here a current EUR/GBP Chart.
Originally posted here
