- EUR/GBP has reversed day’s gains from highs of 0.7478 and is trading at 0.7447 levels.
- A close below channel top 0.7454 will see downside upto 0.7393 levels and further below to 0.7360.
- Daily Stochs are at overbought levels and RSI has retreated from 71 levels and points south.
- Immediate resistance is at 0.7384, while support on the downside lies at 0.7394 (5-DMA).
Recommendation: Watchout for close below channel top at 0.7454 to go short, TP: 0.7390/60
The material has been provided by InstaForex Company – www.instaforex.com