DAILY EUR/GBP CROSS OUTLOOK - 0.7903 17 Jul 2014 07:20GMT
Despite euro's recovery after intra-day 1-pip fell
below yesterday's fresh near 2-year low at 0.7890,
reckon 0.7934 (prev. sup, now res) would cap recovery
and downside bias remains for MT downtrend from 2013
peak at 0.8815 to resume twd 0.7850 b4 correction.
Sell on pull back and only a daily close above said
0.7934 would indicate temp. low is made, 0.7960/70.
STRATEGY : Sell at 0.7915
OBJECTIVE : 0.7865
STOP-LOSS : 0.7940
RES : 0.7934/0.7981/0.8008
SUP : 0.7889/0.7850/0.7831
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