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FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish

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EUR/GBP shorts squeezed en route to 0.74435

Tuesday, February 17, 2015 2:52 PM UTC

EUR/GBP has scope to 0.75 if Greece blinks, EUR shorts could be squeezed more if Greece agrees deal
EUR/GBP shorts squeezed en route to 0.74435, from 0.7375
0.7375 = Asia low after Greek debt talks broke down Monday
0.7455/59, 0.7485 (21DMA) & 0.75 are EUR/GBP resistance levels
0.7455 = Feb 12 high, pre-BoE QIR. 0.7459 = Feb 9 high

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EUR/GBP shorts squeezed en route to 0.74435

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