The EUR/GBP fell today, currently sitting around the 0.8750 level. The area is support, and is important for the future direction of this pair. The market looks weak though, and could be ready for another fall. Since a good trader reacts and doesn’t predict – we need to see how this pair reacts in the next 24 hours to have any conviction one way or another. For now, sit on your hands in our opinion is the way to go.
Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:
www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.
