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- RES 4 : 0.7438 (88.6% retracement of 0.7482 and 0.7545)
- RES 3: 0.7380 (Support turned into resistance)
- RES 2: 0.7300 (200 day 4HMA)
- RES 1: 0.7245 (55 day H EMA)
PRICE: 0.72317@11:48 GMT
- SUP 1: 0.7195
- SUP 3: 0.7165 (resistance turned into support)
- SUP 4: 0.7115
- SUP 4: 0.7050 (May 26th low)
EUR/GBP has broken short term support 0.7235 and this confirms short term weakness, decline till 0.7165 cannot be ruled out
The pair's minor support is around 0.7195 and break below will drag the pair further down till 0.7165/0.7050.
It is good to sell on rallies around 0.7250 with stop around 0.7300 for the target of 0.7165/0.7050.
