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EUR/GBP breaks 0.7220, decline till 0.7085 cannot be ruled out

Monday, April 13, 2015 11:25 AM UTC

RES 4: 0.7380 (Apr 3^rd high)
RES 3: 0.7322 (61.8% retracement of 0.73784 and 0.7220)
RES 2: 0.7293 (200 day HMA)
RES 1: 0.7246 (55 day H EMA)

PRICE: 0.72064 @10:42 GMT

SUP 1: 0.7200
SUP 2: 0.7150 (61.8% retracement of 0.70130 and 0.7385)
SUP 3: 0.7082 (Mar 15^th low)
SUP 4:0.7000

EUR/GBP has retreated till 0.72029 after making high of 0.7378. Intraday trend is bearish as long as resistance 0.7250 holds.

It is good to sell on rallies around 0.7220 for the target of 0.7090 with stop around 0.7255.

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EUR/GBP breaks 0.7220, decline till 0.7085 cannot be ruled out

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