EUR/GBP fell to three-month low of 0.70227 after Paris terror strikes, but the pair was rejected at lows, has edged above the trend-line support at 0.7040 and is currently trading at 0.7067
Hanging man formation seen on daily charts, confirms uptrend, daily Stochs are at oversold levels, waiting for some unwinding to happen, close above 0.7040 will buoy bulls
In the day ahead, the cross will be influenced by the sentiment on the European markets and the Euro zone final CPI figures due out later this session
We reiterate our recommendation to go long on dips around 0.7040/50, SL: 0.6980, TP1: 0.7100, TP2: 0.7145
Bullish invalidation only on breaks below 0.6925
Hanging man formation seen on daily charts, confirms uptrend, daily Stochs are at oversold levels, waiting for some unwinding to happen, close above 0.7040 will buoy bulls
In the day ahead, the cross will be influenced by the sentiment on the European markets and the Euro zone final CPI figures due out later this session
We reiterate our recommendation to go long on dips around 0.7040/50, SL: 0.6980, TP1: 0.7100, TP2: 0.7145
Bullish invalidation only on breaks below 0.6925
