EUR/GBP breaks channel support, decline till 0.7080 cannot be ruled out

• RES 4 : 0.7438 (88.6% retracement of 0.7482 and 0.7545)

• RES 3: 0.7380 (Support turned into resistance)

• RES 2: 0.7287 (200 day 4HMA)

• RES 1: 0.7228 (55 day H EMA)

      PRICE: 0.7204@11:27 GMT 

• SUP 1: 0.7195
  
  
• SUP 3: 0.7165 (resistance turned into support)
  
  
• SUP 4: 0.7115
  
  
• SUP 4: 0.7050 (May 26^th low)

EUR/GBP has broken major trend line support 0.7215 and this confirms short term weakness, decline till 0.7080 cannot be ruled out

The pair's minor support is around 0.7195 and break below will drag the pair further down till 0.7165/0.7050.

 
It is good to sell on rallies around 0.7215 with stop around 0.7255 for the target of 0.7165/0.7080.