- EUR/GBP has broken major support 0.7400 and declined till 0.7348. Intraday trend is bearish as long as resistance 0.7410 holds.
- On the upside minor resistance is around 0.7430 and break of will take the pair to 0.7460/0.7500 in short term.
- The pair’s minor support is around 0.7360 and break of will target 0.7335/0.7256.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Buy
Recommendation: Sell EUR/GBP around 0.7400, SL 0.7430, Targets 0.7335/0.7256.
The material has been provided by InstaForex Company – www.instaforex.com