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EUR/GBP rallies after making low of 0.6985, trend reversal only above 0.7190

Monday, June 29, 2015 11:40 AM UTC

RES 3: 0.7210 (Jun 22^nd high)

RES 3: 0.7191 (200 day HMA)

RES 2 : 0.7134 (55 4H EMA)

RES 1: 0.7100 (7 day 4H EMA)

PRICE: 0.7072 @ 11:38 GMT

SUP 1: 0.7080 (Jun 23^rd low)
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 recovered after making a low of 0.6986. Overall trend is weak as long as resistance 0.7190 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 0.7140 with stop around 0.7195 for the target of 0.7050/0.7000.

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EUR/GBP rallies after making low of 0.6985, trend reversal only above 0.7190

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