For a week or so now i have been calling the EUR/GBP lower and a couple of days back suggested taking profit at 0.8825 which would have worked quite nicely. I still have some concerns about the oversold nature of the daily tech studies which opens the way for a bounce back to the 0.9000/30 region which also coincides with the 15, 50 and 100 DMA’s. I am a little hesitant to recommend getting short on breaks below 0.8780 given the current oversold nature of the tech studies and would be happier to wait for a bounce before looking to get short once more.
