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- EUR/GBP is trading at multi-day lows by 0.6969 and is consolidating below the 0.70 handle
- 10 & 30-DMAs are negatively aligned, reinforcing the overall bearish bias
- Immediate support is seen at 0.6965, breaks below which could extend falls to 0.6935 (2015 Low Jul 17)
- UK service PMI data is due at 0830 GMT, 58.0 (forecast), any positive surprises could spur further falls
Resistance Levels:
R1: 0.6998 (Session High Aug 5)
R2: 0.7045 (10-Day MA/Daily High Aug)
R3: 0.7051 (21-Day MA)
Support levels:
S1: 0.6965 (Daily Low Jul 22)
S2: 0.6935 (2015 Low Jul 17)
S3: 0.6933 (30-Day Lower Bollinger)
