FxWirePro: GBP bulls relentless on rising 'Bremain' support, EUR/GBP below 0.78 handle, good to sell rallies

• GBP bulls unstoppable on rising 'Bremain' support, EUR/GBP down -0.63% below 0.78 handle.
   
• The latest opinion polls show votes shifting in favour of the ‘Remain’ campaign as we step into the EU referendum week.
   
• EUR/GBP has hit lows of 0.7770 and has since pared some losses to currently trade around the 0.78 handle.
   
• Technicals support downside in the pair. Stochs have rolled over from overbought territory and RSI is biased south. Pair slips below 50-DMA at 0.7820.
   
• The MACD line is also on the verge of a bearish crossover on signal line. Close below 20-DMA at 0.7780 will open downside to 0.7720 and then 0.7656 (78.6% Fib of 0.7565 to 0.7994 rally).
   
• German PPI data ahead of the German Buba monthly report release awaited, while all eyes will remain on the EU referendum.
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Recommendation: Good to sell rallies around 0.78 levels, SL: 0.7850, TP: 0.7750/ 0.7720/ 0.77