- EUR/GBP has recovered slightly after making a low of 0.7220 and any short term trend reversal can happen only above 0.7340.
- 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.
Published: 2015-04-01 11:29:00 UTC+00
Eur/gbp Took Support at Ichimoku Cloud Bottom, But Trend Is Still Weak
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