EUR/GBP topside capped by 21 DMA at 0.7079, further bullishness only on breaks above

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)