EUR/GBP Outlook

FX:EURGBP   Euro / British Pound
156 0 2
EUR/GBP             has recovered slightly after making a low of 0.7220 and any short term trend reversal can happen only above 0.7340l.

On the upside any break above 0.7300 would extend gains till 0.7340/0.7835.

The pair’s minor support is around 0.7250 and any break below will drag the pair further down till 0.7225/0.7175.

Indicators (4 hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)- Neutral

Recommendation: Sell EUR/GBP             around 0.7300, SL 0.735, Targets 0.7225/0.7200.

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