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EUR/GBP is facing resistance around 55 day HMA, decline till 0.7085 cannot be ruled out.

  • RES 4: 0.7305 (61.8% retracement of 0.7379 and 0.71806)

  • RES 3: 0.7285 (200 day HMA)   

  • RES 2: 0.7246 (Ichimoku cloud)

  • RES 1: 0.7225 (55 day H EMA)

      PRICE: 0.72091 @11:44 GMT 

  • SUP 1: 0.7200 

  • SUP 2: 0.7150 (61.8% retracement of 0.70130 and 0.7385)

  • SUP 3: 0.7082 (Mar 15th low)

  • SUP 4:0.7000

EUR/GBP has slightly recovered till 0.7222 after making low of 0.7180. Intraday trend is bearish as long as resistance 0.7250 holds.

It is good to sell around 0.7220 for the target of 0.7090 with stop around 0.7255.

 

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