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EUR/GBP is still trading below 200 day HMA, decline till 0.7160 cannot be ruled out

  • RES 4: 0.7380 (Apr 3rd high)


  •  RES 3: 0.7322 (61.8% retracement of 0.73784 and 0.7220)   


  • RES 2: 0.7293 (200 day HMA)


  • RES 1: 0.7258 (55 day H EMA)

      PRICE: 0.7241@11:55 GMT 

  • SUP 1: 0.7220 (31st Mar low)

  • SUP 2: 0.7150 (61.8% retracement of 0.70130 and 0.7385)

  • SUP 3: 0.7082 (Mar 15th low)

  • SUP 4:0.7000

EUR/GBP has retreated till 0.72266 after making high of 0.7378. Intraday trend is bearish as long as resistance 0.7295 holds.

It is good to sell on rallies around 0.7250 for the target of 0.7160 with stop around 0.7295.

 

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