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EUR/GBP breaks major support 0.7150, decline till 0.7000 is possible

RES4: 0.7300 RES 3: 0.72793 (61.8% retracement of 0.7379 and 0.7112) RES 2: 0.7235 (Apr 14th high) RES 1: 0.7194 (200 day HMA) PRICE: 0.7159 @11:54 GMT SUP 1: 0.7150 (61.8% retracement of 0.70130 and 0.7385) SUP 2: 0.708…

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  • RES4: 0.7300
  • RES 3: 0.72793 (61.8% retracement of 0.7379 and 0.7112)

  • RES 2: 0.7235 (Apr 14th high)
  • RES 1: 0.7194 (200 day HMA)

      PRICE: 0.7159 @11:54 GMT 

  •  SUP 1: 0.7150 (61.8% retracement of 0.70130 and 0.7385)

  • SUP 2: 0.7082 (Mar 15th low)


  • SUP 3:0.7000


  • Sup 4: 0.6700

EUR/GBP has broken major support 0.7150 and any decline till 0.7080/0.7000 cannot be ruled out. Intraday bullishness can be seen only above 0.7200.  

It is good to sell around 0.7170 for the target of 0.7005 with stop around 0.7210.

 

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