EUR/GBP made a low of 0.7744 and has slight recovered till 0.7794 from that level. Overall trend is bearish as long as minor resistance 0.7820 holds.
On the upside break of 0.7820 would extend gain to 0.7850/0.7870 in short term.
The pair’s minor support is around 0.7740 and break below will target 0.7692/0.7635
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Buy
Ichimoku- Sell
Recommendation: Sell EUR/GBP around 0.7795, SL 0.7820, targets 0.7740/0.7695.
On the upside break of 0.7820 would extend gain to 0.7850/0.7870 in short term.
The pair’s minor support is around 0.7740 and break below will target 0.7692/0.7635
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Buy
Ichimoku- Sell
Recommendation: Sell EUR/GBP around 0.7795, SL 0.7820, targets 0.7740/0.7695.