EUR/GBP breaks channel support at 0.7165, decline till 0.7050 cannot be ruled out

• RES 3: 0.7380 (Support turned into resistance)

• RES 3: 0.7272 (55 day 4 H EMA)

• RES 2: 0.7236 (200 day 4HMA)

• RES 1: 0.7184 (7 day H EMA)

      PRICE: 0.7162 @11:50 GMT 

• SUP 3: 0.7165 (resistance turned into support)
  
  
• SUP 4: 0.7115
  
  
• SUP 4: 0.7050 (May 26^th low)
  
  
• SUP 4: 0.700

EUR/GBP has broken major support 0.7165  and this confirms short term weakness, decline till 0.7050 cannot be ruled out

The pair's minor support is around 0.7115 and break below will drag the pair further down till 0.7050/0.7000.

 It is good to sell on rallies around 0.7180 with stop around 0.7240 for the target of 0.7080/0.7050.