EUR/GBP trading below cloud,decline till 0.7080 is possible

•RES 3: 0.7420

•RES 2: 0.7380 (Apr 3rd High)

•RES 2: 0.7325 (200 day HMA)

•RES1 :0.7267 (Kijun-Sen)

PRICE: 0.72029 @11:30 GMT


•SUP 1: 0.71907 (61.8% retracement of 0.7013 and 0.74820)

•SUP2: 0.7156

•SUP 2:0.7115 (23rd Apr low)

•Sup 3: 0.7010 (Mar 11th low)

EUR/GBP has formed double top around 0.7480 and declined till 0.7207. Overall trend is bearish as long as resistance 0.7267 holds. The minor support is around 0.7190 and break below will target 0.7156/0.7115.

It is good to sell around 0.7215 for the target of 0.7115/0.7080 with stop around 0.7267.