EURGBP fails to sustain above 0.7200 levels, BOE in focus

Support 3- 0.7057 (Daily low July 6)

Support 2- 0.7112 (Daily low July 8)

Support 1- 0.7150 (21 DMA)

Spot Rate- 0.7171

Resistance 1- 0.7225 (Hourly high July 9)

Resistance 2- 0.7246 (Daily Cloud base)

Resistance 3- 0.7258 (Daily high June 12)

• Pair was volatile during European trading hours, but the price failed to spend any significant time above the £0.72 handle
  
  
• Some focus will remain on the Bank of England's monetary decision due later in the session, although no changes are expected
  
  
• Trend studies are showing bearish signs
  
  
• Slow stochastic are near overbought levels