EUR/GBP has broken major support at 0.7740 and is trading around 0.77 levels.
- We had earlier given short call for the pair (link below):
http://www.econotimes.com/FxWirePro-EUR-GBP-trades-a-narrow-range-awaits-UK-and-EU-PMI-data-170288
http://www.econotimes.com/EUR-GBP-call-update-170457
- Our call has hit target, advise booking partial profits. Further downside upto 0.7660 likely.
- Downside for now has taken a breather at 0.7704 (23.6% Fib of 0.6981 to 0.7928 rise).
- Downside sees next support at 0.7695 (Feb 16th lows) and then at 0.7670 (Feb 5th lows).
- On the topside resistance is located at 0.7742 (Jan 21st highs) and then at 0.7758 (Feb 15th highs).
- Techs are biased lower, so we would advise booking partial profits and lowering trailing stops to 0.7740, target 0.7670/60.


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