- EUR/GBP has retraced almost all of yesterday's gains from 0.7411, and is currently eyeing minor support by 20DMA at 0.7310
- Euro remains heavily offered versus the greenback in a data-quiet European session, while the Sterling stands relatively resilient to the broad based US dollar strength
- A plethora of Moving Averages from 0.7311-0.7284 could offer support, a minor bounce may ensue
- However breaks below 20 DMA at 0.7310 could see the pair test 200 DMA at 0.7299 and then 30 DMA at 0.7284 in sight
R1: 0.7411 (Daily High Sept 24)
R2: 0.7421 (Daily High Aug 24)
R3: 0.7446 (30 DMA Upper Bollinger)
Support Levels:
S1: 0.7310 (10 DMA)
S2: 0.7299 (200 DMA)
S3: 0.7284 (30 DMA)


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