By FXEmpire.com
The EUR/GBP pair fell hard on Tuesday as the Euro continues to get punished for the situation in Greece after the elections. With the leftists willing to scrap the austerity level and move on, this bodes poorly for the European Union in general. The pair still hasn’t bothered to close the gap from the weekend, and after the recent action, it looks like we may not. Even if it is done, the 0.81 level should protect the bears from that point as well. With all of this in mind, we are selling this pair on a break of the lows from Tuesday.
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Originally posted here
