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EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
EUR/GBP topside capped by 21 DMA at 0.7079, further bullishness only on breaks above.
- 21 DMA at 0.7079 continues to exert bearish pressure on EUR/GBP, recovery attempts in the pair have been capped at 21 DMA
- Breaks above could target 0.7100 (23.6 % Fibo of Oct 13 to Nov 17 fall) and then 0.7126 (Daily High Nov 10)
- Mooted offers at 0.71 are an appreciation obstacle beyond 21DMA, 0.7100 option expiry today, E309mn strike. 0.7098 = Nov 13 Ldn am high
- On the downside support is seen at 0.6982 (Daily Low Nov 18), breaks below could see the pair at 0.6970 (Daily Low Aug 6)
Resistance Levels:
R1: 0.7081 (21 DMA)
R2: 0.7108 (Daily High Nov 12)
R3: 0.7126 (Daily High Nov 10)
Support Levels:
S1: 0.7037 (10 DMA)
S2: 0.7018 (Daily Low Nov 24)
S3: 0.6982 (Daily Low Nov 18)
