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Short

EUR/GBP Short term outlook

FX:EURGBP   Euro Fx/British Pound
131 0 4
EUR/GBP             has broken major support 0.7400 it indicates that it has formed temporary top around 0.746. Short term trend is bearish as long as resistance 0.7460 holds.

On the upside minor resistance is around 0.7430 and break of will take the pair to 0.7460/0.7500 in short term.

The pair’s minor support is around 0.7390 and break of will target 0.7335/0.7287.

Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell

Recommendation: Sell EUR/GBP             around 0.7400, SL 0.7461, Targets 0.7335/0.7290.
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