The EUR/GBP fell hard today, showing it isn’t ready to breakout above the 0.89 mark yet. This leads us to believe that more consolidation is in the future, and we could be hanging about this area for a while. Look to buy at 0.87 on signs of support, and sell at 0.89 on signs of weakness. This range could last for a while, as this pair can go sideways for very long periods of time.
Originally posted here
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