FX:EURGBP Euro Fx/British Pound
EUR/GBP staged a decent bounce from extreme lows of 0.7040 but failed at first resistance near 0.7400. ( We recommended shorting any bounce towards 0.7400 in previous trade idea ). Now fortunes of both are undecided at the moment, EUR/GBP offers excellent opportunity to earn few pips without getting chopped into extreme volatility elsewhere. Shorting EUR/GBP near 0.7340 / 0.7350 still makes sense with first targeting 0.7260.