By FXEmpire.com
The EUR/GBP pair had a fairly range bound session on Thursday as the world waits for the jobs numbers out of the United States. With the various issues in Europe at the moment, there is going to be continued pressure on the Euro, and the French elections over the weekend will certainly cause nerves to be frayed as well. Because of this, the Euro should continue to be pressured, and as a result we are still bearish. After the announcement, a break below the Thursday lows has us selling, and the reaction to the French election results will also be a major catalyst for this pair. Waiting until the election results, and more importantly the reaction by the markets, could be the safest play of all.
Click here for updated EUR/GBP News.
Originally posted here
