EURGBP - Intraday - We look to Sell at 0.8954 (stop at 0.8979)
Broken out of the formation to the downside. The formation has a measured move target of 0.8860. Economic figures could adversley affect the short term technical picture. Reverse resistance comes in at 0.8954. Bespoke resistance is located at 0.8955. Preferred trade is to sell into rallies.
Our profit targets will be 0.8860 and 0.8855
Resistance: 0.8941 / 0.8954 / 0.9000
Support: 0.8868 / 0.8856 / 0.8801