- 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) – Buy
Ichimoku- SellRecommendation: Sell EUR/GBP around 0.7850, SL 0.7873, targets 0.778/0.775.
The material has been provided by InstaForex Company – www.instaforex.com