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EUR/GBP breaks below short term support at 0.7120, decline till 0.7050 is possible .

Tuesday, June 23, 2015 11:53 AM UTC

RES 3: 0.7286 (61.8% retracement of 0.7385 and 0.7124)

RES 3: 0.7250 (Jun 16^th high)

RES 2: 0.7210 (200 day HMA)

RES 1: 0.7162 (7 day H EMA)

PRICE: 0.7099 @ 11:28 GMT

SUP 1: 0.7115
SUP 2: 0.7050 (May 26^th low)
SUP 3: 0.700
SUP4 : 0.6926 (138.2 % retracement of 0.7054 and 0.73879)

EUR/GBP has broken short term support 0.7120 and is currently trading at 0. trend is weak as long as resistance 0.7193 holds.

The pair's minor support is around 0.7050 and break below will drag the pair further down till 0.7000/0.6930.

It is good to sell on rallies around 0.7130 with stop around 0.7190 for the target of 0.7050/0.6950.

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EUR/GBP breaks below short term support at 0.7120, decline till 0.7050 is possible .

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