- 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