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EUR/GBP breaks short term support 0.7150, decline till 0.7050 is possible

RES 4: 0.729525 (61.8% retracement of 0.7482 and 0.6986) RES 3: 0.7250 (Jun 16th high) RES 2: 0.7210 (Jun 22nd high) RES 1: 0.7180 (200 day 4 HMA) PRICE: 0.7117@ 12:52 GMT SUP 1: 0.7095 (cloud top) SUP2: 0.7050 (May 26th…

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  • RES 4: 0.729525 (61.8% retracement of 0.7482 and 0.6986)

  • RES 3: 0.7250 (Jun 16th high)

  • RES 2: 0.7210 (Jun 22nd high)

  • RES 1: 0.7180 (200 day 4 HMA)

      PRICE: 0.7117@ 12:52 GMT 

  • SUP 1: 0.7095 (cloud top)

  • SUP2: 0.7050 (May 26th low)

  • SUP 3: 0.7000

  • SUP 4: 0.6925

EUR/GBP has broken major support 0.7150 and confirms short term weakness , a decline till 0.7000 cannot be ruled out .

The pair's minor support is around 0.7095 and break below will drag the pair further down till 0.7050/0.700.

It is good sell on rallies around 0.7150 with stop around 0.7200 for the target of 0.7050/0.7000.

 

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