• EUR/GBP is facing strong resistance around 0.7350 and any short term trend reversal can happen only below that level.
  • On the upside any break above 0.7350 would extend gains till 0.7385/0.7435.
  • The pair’s minor support is around 0.7250 and any break below will drag the pair further down till 0.7200/0.7175.

Indicators (1 hour chart)

CCI (50) – Sell

CCI (14) – Sell

CCI (14)-Sell

Recommendation: Sell EUR/GBP around 0.7300, SL 0.735, Targets 0.7255/0.7200. 

The material has been provided by InstaForex Company – www.instaforex.com