Positioning Bias:
EUR/GBP has retraced after making high of 0.8005. Overall trend is bullish as long as support 0.7865 holds.
The pair’s minor support is around 0.7910 (median line) and any break below will take the pair to 0.7865/0.7835 in short term.
The psychological level 0.8000 is acting as major resistance and above will target 0.8050.
CCI (50) - Buy
CCI (14) – Sell
Recommendation: Buy EUR/GBP around 0.794, SL 0.7865, Target 0.8050.
EUR/GBP has retraced after making high of 0.8005. Overall trend is bullish as long as support 0.7865 holds.
The pair’s minor support is around 0.7910 (median line) and any break below will take the pair to 0.7865/0.7835 in short term.
The psychological level 0.8000 is acting as major resistance and above will target 0.8050.
CCI (50) - Buy
CCI (14) – Sell
Recommendation: Buy EUR/GBP around 0.794, SL 0.7865, Target 0.8050.