After 2 down days in a row, yesterday's call highlighted a bearish bias. Although selling pressure was more muted than expected, our Sell rally point was virtually the high of the day. Fresh selling interest arrived in the latter part of the day and this led to minor net losses on the day. That keeps EURGBP tracking the lower end of a negative Keltner channel with no sign of anything other than temporary rallies.
So we Sell in .8712/17 area and any .8731 rally
The stop is .8749 bid
Downside targets of .8697, .8679 and .8662
Closing 4pm London time