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Long

EUR/GBP faces strong support at 0.7060, good to buy at dips

FX:EURGBP   Euro / British Pound
204 0 2
Chart Pattern: Cup and handle

EUR/GBP             has made a high of 0.7169 and slightly declined from that level. It is currently trading at 0.7135.

Overall trend is still bullish as long as support 0.7060 holds.

Any break below 0.7060 confirms short term weakness, a decline till 0.7000 is possible.

On the higher side minor resistance is around 0.7160 and any break above would extend gains till 0.7225/0.7290.

It is good to buy at dips around 0.7100 with SL 0.7060 for the TP of 0.7170/0.7225
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