If you can remember back about six weeks or so, EUR/GBP moved almost 300 pips higher in 3 days after it broke above .8830/45. We are now finally back to this level and the question is should we be selling breaks or buying dips. I think that a bit more information is needed but if we see a clean break below trend line support around .8800 then I’ll be looking to sell rallies back towards this formerly pivotal level.