EUR/GBP made a high of 0.79202 and has retreated from that level. The overall trend is bearish as long as resistance 0.7925 holds. The break of 0.7925 will take the pair to 0.7950/0.7980. The pair’s minor support is around 0.7870 ann any indicative break below would extend loss to 0.7830/0.7800 in short term. Indicators Ichimoku (9, 26, 52, 26) - Sell MACD (12.26.9) – Sell
Recommendation: Sell EUR/GBP around 0.7885-87, SL 0.7925, Target 0.7830/0.7800.