EUR/GBP faces strong support at 0.7050, good to sell on rallies

• RES 3: 0.7210 (Jun 22^nd high)

• RES 3: 0.7197(200 day HMA)

• RES 2 : 0.7166 (55 4H EMA)

• RES 1: 0.7127 (7 day 4H EMA)

      PRICE: 0.7124 @ 11:35 GMT 

• SUP 1: 0.7115
  
  
• SUP 2: 0.7050 (May 26^th low)
  
  
• SUP 3: 0.700
  
  
• SUP4 : 0.6926 (138.2 % retracement of 0.7054 and 0.73879)

EUR/GBP has broken short term support 0.7120 and declined till 0.7079. Overall trend is weak as long as resistance 0.7180 holds.

The pair's minor support is around 0.7050 and break below will drag the pair further down till 0.7000/0.6930.

It is good to sell on rallies around 0.7130 with stop around 0.7180 for the target of 0.7050/0.7000.