has retraced the losses from Tuesday's decline, rallying back above 0.785. Hidden bearish
divergence is building up strongly in both near term and long term. Resistance is seen as 0.79188 - 0.78725, signalling a move lower. Downside, support levels are at 0.775 which could extend EURGBP
declines to 0.76 and possibly to 0.74.
Three positions, sold at 0.785 targeting 0.775, 0.76 and 0.74. Cover remaining two positions to break even on a daily close below 0.775.
Trade set up is invalidated if EURGBP
closes above 0.795.