FxWirePro: EUR/GBP rally stalls at 0.7195, strong resistance by double top at 0.7224

EUR/GBP price action was capped at 0.7195, and the pair has edged lower as the single currency loses its shine

• Political uncertainty in Greece after PM's resigntion adding to Euro weakness, snap election reportedly to be held on September 20th
• EUR/GBP correcting lower,likely at overbought levels after sharp rises in the previous two sessions
• The pair is currently trading at 0.7179, with immediate resistance at 0.7201 (Daily High Jul 13) and support on the downside at 0.7162 (100 DMA)

Resistance Levels: 

R1: 0.7201 (Daily High Jul 13)
R2: 0.7224 (Daily Highs Jul 8/10)
R3: 0.7250 (Daily High Jun 16)

Support Levels:

0.7162 (100 DMA)
0.7114 (10 DMA)
0.7078 (21 DMA)