• Euro is relentlessly offered across the board amid ripening risk sentiment ahead of the US inflation data
  
  
• The single currency came under renewed selling pressure after the Eurozone CPI figures disappointed markets, dragging EUR/GBP further into losses
  
  
• EUR/GBP slumps to day's lows at 0.7269, 200-HMA at 0.7311 reverts to resistance 
  
  
• Strong UK employment numbers along with headline CPI numbers running at zero support BoE rate hike expectations a strong GBP positive
  
  
• Strong support seen at 0.7240 levels, below 0.7235 would signal an end to consolidation since end August 
  
  

Recommendation: Good to sell rallies around 0.7290, SL: 0.7320, TP: 0.7240