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- EUR/GBP trades a narrow range on the day, with day's high at 0.7911 and lows at lows at 0.7895.
- The pair is struggling at the 0.79 handle after being capped at 0.7920 on Tuesday's trade. Upside intact as long as the pair holds above daily cloud top at 0.7830.
- Ahead in the day, final April Services PMIs are due later followed by EMU’s Retail Sales and UK’s Construction PMI.
- Our previous call (http://www.econotimes.com/FxWirePro-EUR-GBP-holds-above-daily-cloud-after-gap-up-open-good-to-go-long-with-a-target-07925-202865) has achieved all targets.
- Pair now finds strong support at trendline 0.7875, while resistance is seen at 0.7920 (May 3rd highs).
Recommendation: Short breaks below 0.7875, SL: 0.7920, TP: 0.7845/0.7820/0.78
