EURGBP Sell Side Targets

Short covering ahead of tomorrow’s BoE Quarterly Inflation report helps EURGBP fall below 0.7400 to reach seven year lows. Propping up GBPUSD to reach its highest level of the week.

EURGBPM5

Once again expect a reaction at 127.2 and 141.4 extentions of the previous days range (now that range has been broken)