FxWirePro: EUR/GBP breaks major support at 0.7740, drag till 0.7660 likely

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.