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BofA: sell EUR/GBP

BofA Merrill has entered medium-term EUR/GBP short from 0.7935, with a target at 0.7582 and a stop at 0.8050.

Short term resistance is around 0.7976 (Dec. 1 high) and any break of will take the pair to 0.8038. The bulls are weak as long as 0.8050 holds.

Minor support is located around 0.7870 and any break below would target 0.7840/0.7800 in short term. The medium term support is around 0.7760 and any break of will target 0.7648/0.7582.

 

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