EUR/GBP breaks major support at 0.7740, drag till 0.7660 likely
EUR/GBP has broken major support at 0.7740 and is trading around 0.7710 levels.
Downside for now has taken a breather at 0.7704 (23.6% Fib of 0.6981 to 0.7928 rise).
Next support is seen at 0.7695 (Feb 16th lows) and then at 0.7670 (Feb 5th lows).
On the topside resistance is located at 0.7742 (Jan 21st highs) and then at 0.7758 (Feb 15th highs).
Techs are biased lower, good to sell rallies around 0.7715/20, SL: 0.7780, target 0.7670/60.
Downside for now has taken a breather at 0.7704 (23.6% Fib of 0.6981 to 0.7928 rise).
Next support is seen at 0.7695 (Feb 16th lows) and then at 0.7670 (Feb 5th lows).
On the topside resistance is located at 0.7742 (Jan 21st highs) and then at 0.7758 (Feb 15th highs).
Techs are biased lower, good to sell rallies around 0.7715/20, SL: 0.7780, target 0.7670/60.