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Coleman: Looking for a break in EURGBP

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Ian Coleman is looking for a break in EURGBP after what he calls overbought extremes in the pair.

With a mixed intraday view in the dollar index ahead of US figures, Ian says he's spotted an opportunity after aggressive buying, a 16 week high on Monday after rally of 396 points and a mild correction which "lacks downward strength".    

Daily chart shows correction from 161.8% Fibonacci level 
Intraday chart looks like ascending triangle formation  

Buy: 0.7364
Stop: 0.7334
Targets: 0.7460
              0.7482