BombayBulls
Short

EUR/GBP - Resistance of 0.7400 Still Strong

FX:EURGBP   Euro Fx/British Pound
29 0 0
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 currencies 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.
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