Eur/gbp Is Trading Near Major Support 0.7150, Decline Till 0.7000 Is Possible

• RES 4: 0.7250 (38.2% retracement of 0.7379 and 0.7165)
• RES 3: 0.7235 (Apr 14^th high)

• RES 2: 0.7207 (200 day HMA)

• RES 1: 0.7188 (20 day HMA)

      PRICE: 0.7147 @11:42 GMT 

• SUP 1: 0.7150 (61.8% retracement of 0.70130 and 0.7385)

• SUP 2: 0.7082 (Mar 15^th low)
• SUP 3:0.7000
• Sup 4: 0.6700

EUR/GBP is trading near major support 0.7150 and any break below will drag the pair further down till0.7080/0.7000.

It is good to sell around 0.7170 for the target of 0.7005 with stop around 0.7210.

The material has been provided by InstaForex Company – www.instaforex.com