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EUR/GBP is struggling to break above 0.7235 (200 day 4HMA), decline till 0.7080 is possible

RES4: 0.7300 RES 3: 0.72793 (61.8% retracement of 0.7379 and 0.7112) RES 2: 0.7233 (Apr 14th high) RES 1: 0.7210 (Apr 23rd high) PRICE: 0.7160 @12:34 GMT SUP 1: 0.7150 (61.8% retracement of 0.70130 and 0.7385) SUP 2: 0.7…

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

  • RES 2: 0.7233 (Apr 14th high)
  • RES 1: 0.7210 (Apr 23rd high)

      PRICE: 0.7160 @12:34 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 recovered till 0.7211 after making a low of 0.71189 and. Intraday bullishness can be seen only above 0.7235. 

It is good to sell around 0.7190 for the target of 0.7080 with stop around 0.7235.

 

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