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EUR/GBP - pressuring into falling trend line resistance

FX:EURGBP   Euro Fx/British Pound
Resistance - 0.7913, 0.7947-0.7953, 0.7993-0.80

Support - 0.7869, 0.7838, 0.78

  • Pair's failure to take out falling trend line resistance (red) would expose support at 0.7869. If breached, would increase the risk of pair forming head and shoulder formation on the daily chart .
  • An hourly closing above falling trend line resistance (red) could yield 0.7910 levels; especially since the hourly RSI at 61.00 is bullish .
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