EUR/GBP Daily Outlook

FX:EURGBP   Euro / British Pound
147 0 2
EUR/GBP             has recovered after making low of 0.7590. Overall trend is bearish as long as short term resistance 0.775 holds.

On the upside any break above 0.775 will take the pair to 0.778/0.7805.
The pair’s minor support is around 0.7660 and any break below will target 0.7625/0.7590 in short term.
Minor resistance is around 0.7705.

Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell

Recommendation: Sell EUR/GBP             around 0.7680, SL 0.7705, Target 0.7625/0.7590.
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