By FXEmpire.com
The EUR/GBP pair rose slightly for the Wednesday session as the market continues to bounce around the 0.80 level. The area looks like it is a magnet for prices, and there is historical precedence for this being a bit of equilibrium for price in this pair. Because of this, it isn’t surprising that the market wants to hang around this area. However, the trend is most certainly to the down side, and as such we prefer to sell rallies in this pair than try to buy. A new low would also have us selling this pair.
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Originally posted here
