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EUR/GBP is trading below 200 day 4HMA,decline till 0.7157 is possible

RES 4: 0.7380 RES 3: 0.7350 RES 2: 0.7325 RES 1: 0.7280 PRICE: 0.7270 @ 10:04 GMT SUP 1: 0.7250 SUP 2: 0.7200 SUP 3: 0.7180 SUP 4: 0.7150 Commentary: EUR/GBP has retreated after making a high of 0.7378 and overall trend …

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  • RES 4: 0.7380

  • RES 3: 0.7350

  • RES 2: 0.7325

  • RES 1: 0.7280

  PRICE: 0.7270 @ 10:04 GMT

  • SUP 1: 0.7250

  • SUP 2: 0.7200

  • SUP 3: 0.7180

  • SUP 4: 0.7150

Commentary:

EUR/GBP  has retreated after making a high of 0.7378 and overall trend is still weak as long as 0.7380 holds.

On the lower side 0.7270 will be acting as major support and any break below will take the pair till 0.7155..

Bearish invalidation can happen only if it closes below 0.7380.

 

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