• EUR/GBP stalls downside and recovers slightly in the mid-European session
  
  
• The pair is currently trading at 0.7025, recovering from session lows of 0.7010 after UK manufacturing PMI continued to expand in July
  
  
• Spike to the upside by 0.7040 was quickly sold off, 10 & 30-DMAs are negatively aligned, reinforcing the bearish bias
  
  
• The cross now eyeing the support area at 0.7010 (Session lows Aug 2), breach below could take it to 0.6984 (Daily Low Jul 30)
  
  

Resistance Levels:

R1: 0.7045 (4H cloud base)

R2: 0.7063 (21-Day MA)

R3: 0.7098 (Daily High Jul 29)

Support Levels:

S1: 0.7005 (Daily Low Jul 31)

S2: 0.6984 (Daily Low Jul 30)

S3: 0.6965 (Daily Low Jul 22)