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FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level

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EUR/GBP breaks major trend line support 0.7290, decline till 0.7150 cannot be ruled out

Tuesday, April 7, 2015 12:22 PM UTC

RES 4: 0.7435
RES 3: 0.7380 (Apr 3^rd High)
RES 2: 0.7340 (20 day 4HMA)
RES 1: 0.7310 (200 day 4HEMA)

PRICE: @ GMT

SUP 1: 0.7260 (200 day 4HMA)
SUP 2: 0.7220 (31^st Mar low)
SUP 3: 0.7150 (61.8% retracement of 0.70130 and 0.7385)
SUP 4: 0.7082 (Mar 15^th low)

EUR/GBP has retreated after making a double top around 0.7380. Overall trend is bearish as long as resistance 0.7380 holds.

It is good to sell on rallies around 0.7320 for the target of 0.7160 with stop around 0.7380.

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FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

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EUR/GBP breaks major trend line support 0.7290, decline till 0.7150 cannot be ruled out

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