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EUR/GBP breaks short term trend line support at 0.7315, decline till 0.7165 is possible

Thursday, June 11, 2015 11:39 AM UTC

RES 3 0.7480 (May 7^th High)

RES 2 : 0.7438 (88.6% retracement of 0.7482 and 0.7545)

RES 1: 0.7380 (Support turned into resistance)

RES 1: 0.7322 (20 day 4HMA)

PRICE: 0.7278 @11:37 GMT

SUP 1: 0.7280 (55 day 4 H EMA)
SUP 2: 0.7233 (200 day 4 HMA)
SUP 3: 0.7165 (resistance turned into support)
SUP 4: 0.7115

EUR/GBP has retreated after making a high of 0.7380. Short term trend is weak as long as resistance 0.7365 holds.

The Pair's minor support is around 0.7280 and break below will drag the pair further down till 0.7230/0.7165.

It is good to sell on rallies around 0.7330 with stop around 0.7380 for the target of 0.7270/0.7225.

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EUR/GBP breaks short term trend line support at 0.7315, decline till 0.7165 is possible

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