By FXEmpire.com
The EUR/GBP pair had a massively bearish session on Tuesday as the hammer from the Monday session was negated by the lower prices. The candle for Monday is now considered a “hanging man”, one of the more bearish candlesticks that technicians use. Because of this, we expect further downside pressure in this pair, and the trend would certainly agree. For now, we like selling a break of the Tuesday lows, and aiming for 0.80 again, and possibly even lower as the issues in Europe will continue to weigh upon the Euro overall. The case for buying isn’t something that we see at the moment.
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Originally posted here
