描述
⋅ EUR/GBP has recovered slightly after making a low of 0.7220 and any short term trend reversal can happen only above 0.7340l.
On the upside any break above 0.7300 would extend gains till 0.7340/0.7835.
The pair’s minor support is around 0.7250 and any break below will drag the pair further down till 0.7225/0.7175.
Indicators (4 hour chart)
CCI (50) - Sell
CCI (14) - Sell
CCI (14)- Neutral
Recommendation: Sell EUR/GBP around 0.7300, SL 0.735, Targets 0.7225/0.7200.