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EUR/GBP pullback found support at daily Tenkan by 0.7235, weakness seen on break below 200 DMA at 0.7201.
- Rally in the pair has stalled by 61.8 % Fib of Oct 13th to Nov 17th dip at 0.73, bulls unable to take the pair higher
- Price action languishing inside the cloud, Stochs are at overbought, could see some unwinding
- Immediate resistance is seen at 0.7267 (Could top), while support on the downside is seen at 0.7235 (Daily Tenkan)
Resistance Levels:
R1: 0.7267 (Could top)
R2: 0.73 (61.8 % Fib of Oct 13th to Nov 17th dip)
R3: 0.7305 (Daily High Dec 16)
Support Levels:
S1: 0.7235 (Daily Tenkan)
S2: 0.7239 (10 DMA)
S3: 0.7201 (200 DMA)
