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- RES4:0.72820 (May 18th high)
- RES3 : 0.7240 (200 day HMA)
- RES 2: 0.7187 (20 day HMA)
- RES : 0.7143 (7 day H EMA)
PRICE: 0.7115 @10:56 GMT
- SUP 1:0.7115 (23rd Apr low)
- SUP2: 0.7060 (61.8% projection of 0.74820 to 0.71217 from 0.72822)
- SUP 3: 0.7022 (161.8% retracement of 0.71217 and 0.72822)
- SUP4: 0.6922 (100 projection of 0.74820 to 0.71217 from 0.72822)
EUR/GBP has broken major support 0.7115 and this confirms short term bearishness, a decline till 0.7020 cannot be ruled out
The Pair's minor resistance is around 0.7165 and further bullish can be seen only above this level.
It is good to sell on rallies around 0.7125 with stop around 0.7166 for the target of 0.7025.
