EUR/GBP struggles to break above trend line resistance 0.7050, good to sell on rallies

• RES 4: 0.7136 (200 day 4 HMA)
  
  
• RES 3: 0.7106 (Cloud top)
  
  
• RES 2: 0.7050 (Trend line joining 0.7222 and 0.72010)
  
  
• RES 1: 0.6995 (Kijun-Sen)

      PRICE: 0.69934@ 11:30 GMT 

• SUP 1: 0.6966 (7 day 4 HEMA)
  
  
• SUP 2: 0.6940 (Jul 17^th low)
  
  
• SUP 3: 0.6928 (138.2% retracement of 0.70545 and 0.73879)
  
  
• SUP 4: 0.6834 (138.2% retracement of 0.7013 and 0.7482)
  
  

 EUR/GBP has made a high of 0.7044 and recovered from that level. Overall trend is still weak as long as trend line resistance 0.7050 holds.

 The pair's major support is around 0.6925 and break below will drag the pair further down till 0.6835.

 It is good to sell on rallies around 0.7000 with stop around 0.7050 for the TP of 0.6925/0.6858.