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.