- EUR/GBP has recovered till 0.7370 after making a low of 0.7220 and overall trend is bullish as long as support 0.7310 (20 day 4HMA) holds.
- On the upside any break above 0.7380 would extend gains till 0.743/0.7460.
- The pair’s minor support is around 0.7350 and any break below will drag the pair further down till 0.7310/0.7260.
Indicators (4 hour chart)
CCI (50) – Buy
CCI (14) – Buy
CCI (14)- Buy
Recommendation: Buy EUR/GBP around 0.7350, SL 0.7310, Target 0.7430.
The material has been provided by InstaForex Company – www.instaforex.com