EUR/GBP pares its gains in European session, good to sell on rallies

• RES 2: 0.7380 (Apr 3^rd High)

• RES 3: 0.7325 (200 day HMA)
  
  
• RES2: 0.7260 (May 11^th high)
  
  
• RES1 :0.7225 (Support turned in to resistance)
  
  

      PRICE: 0.7177 @11:06 GMT 

• SUP1: 0.7156
  
  
• SUP 2:0.7115 (23^rd Apr low)
  
  
• Sup 3: 0.7010 (Mar 11^th low)
  
  
• SUP4: 0.683 (138.2% retracement of 0.7010 and 0.748)
  
  

EUR/GBP has recovered till 0.7225 after making a low of 0.7139. Overall trend is bearish as long as resistance 0.7260 holds.

The minor support is around 0.7160 and break below will target 0.7085/0.7015.

Indicator (1 hour chart)

CCI (50) - Sell

CCI (14) -Buy

Ichimoku-Sell

It is good to sell around 0.7215 for the target of 0.7080 with stop around 0.7260.