- EUR/GBP has recovered till 0.7340 after making a low of 0.72646. Overall trend is bearish as long as 0.7385 holds.
- On the upside any break above 0.7385 would extend gains till 0.7430/0. pair’s minor support I 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) – Buy
We prefer to Sell EUR/GBP around 0.7340, SL 0.7385, Targets 0.7260/0.7200.
The material has been provided by InstaForex Company – www.instaforex.com