FX:EURGBP   Euro Fx/British Pound
With the GBP getting battered across the board its unwise to go against the trend but if the risk/reward is good enough its worth taking a punt.

.7862 is WR1 resistance and we're just 6 pips away from it.. We've also entered a selling zone for this pair so if EUR's rise against the GBP is going to stutter then here's a good place for it to do so.

I've gone SHORT here from .7855 with a miserly 12 pip STOP at .7867. The fundamentals are against this trade but FX trading is a gamble and the risk/reward makes this a gamble worth taking.
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