EUR/GBP Short Term Outlook

FX:EURGBP   Euro / British Pound
EUR/GBP is retreating after making a high of 0.78237 and overall trend is weak as long as 0.7875 holds.
The pair’s minor resistance is around 0.7825 ( trend line joining 0.7873 and 0.7855) and any break above will take the pair to 0.7855/0.7875 in short term.
On the downside minor support is around 0.7780 and any break below will target 0.7740/0.7690.

Indicator (1 Hour Chart)
CCI (50) – Sell
CCI (14) – Buy
Ichimoku- Sell

Recommendation: Sell EUR/GBP around 0.7825-30, SL 0.7875, Target 0.7740.


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