FxWirePro: EUR/GBP slips below 0.76 handle, focus on UK GDP data

• EUR/GBP trades below the 0.76 handle ahead of UK Q1 GDP data, renewed buying interest seen in GBP.
   
• A surprisingly upbeat data would act as a catalyst to boost demand from the British Pound.
   
• Technicals are highly bearish, EUR/GBP on track to test 200-DMA at 0.7519. Break below 200-DMA will drag the pair to 0.7415 (61.8% Fib of Nov to April rise).
   
• Focus mainly on UK’s GDP figures for the Q1 due later in the EU session, expectations are for GDP at 2.1% on an annualized basis and 0.4% Q/Q.
   
• Immediate resistance is seen at 0.7625 (trendline support turned resistance) and support is seen by 0.7565 (May 25th lows).
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Recommendation: Sell rallies around 0.76 levels, SL: 0.7555, TP:  0.7565,0.7525