FxWirePro: EUR/GBP recovers after making a low of 0.7040, good to sell on rallies

• RES 4: 0.7200
  
  

• RES 3: 0.7153 (200 day HMA)
  
  

• RES 2: 0.7119 (Cloud bottom)
  
  

• RES 1 :0.7088 (55 day 4H EMA)
  
  

                                  
      PRICE: 0.7096@ 12:04 MT 

• Sup 1: 0.7050 (78.6% retracement of 0.6938 and 0.7490)
  
  

• SUP 2: 0.7000
  
  
  
• SUP 3: 0.6950 (Aug 5^th low)

• SUP 4 : 0.6929 (17^th Jul low)

EUR/GBP has broken minor support 0.7100 and declined till 0.740. Overall trend is still weak as long as resistance 0.7160 holds.

The pair's major support is around 0.7050 and any break below will target 0.7000/0.6950

On the higher side minor resistance is around 0.7100 and any break above would extend gains till 0.7120/0.7160

It is good to sell on rallies around 0.7100 with SL around 0.7160 for the TP of 0.7050/0.7000