EURGBP has been trading in a range for 4 months. Resistance level is at 0.8105 and support is at 0.7796.
Fundamentally both Europe and UK economies are weak, and both economies are likely to cut interest rate over the next few months. I believe this range trading will maintain.
Currently EURGBP is trading at the resistance level, hence it is good opportunity to short.
Shorted 10,000 EURGBP at 0.8105
Stop level at 0.8208
Target level at 0.7909