Credit Suisse has entered EUR/GBP short from 0.7831, with a target at 0.77 and a stop at 0.7873 (short-term)
EUR/GBP made a low of 0.78150 and has slight recovered from that level. Overall trend is bearish as long as resistance 0.7870 holds.
On the upside break of 0.7870 would extend gain to 0.79252/0.7957 in short term.
The pair's minor support is around 0.7800 and break below will target 0.775
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Recommendation: Sell EUR/GBP around 0.7831, SL 0.7873, targets 0.775.
The material has been provided by InstaForex Company – www.instaforex.com