FxWirePro

We prefer to go Short in EUR/GBP

Short
FX:EURGBP   Euro / British Pound
2
EUR/GBP made a low of 0.78150 and has slight recovered from that level. Overall trend is bearish as long as resistance 0.7870 holds.

On the upside break of 0.7870 would extend gain to 0.79252/0.7957 in short term.
The pair’s minor support is around 0.7800 and break below will target 0.775.

Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Sell

Ichimoku- Neutral

Recommendation: Sell EUR/GBP around 0.7831, SL 0.7873, targets 0.775.