$EURGBP Is Bullish - Prices Are Not Sustaining At Higher Levels

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SUMMARY : 

The primary trend of EUR/GBP is bullish but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is taking support of rising trend line and consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 0.7290. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to test the level of  0.7240/0.7205 in today's session.

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EUR/GBP ( Hourly ) :

FOREX CHARTS

INDICATORS :

MACD line is also sustaining in selling territory indicating the bearish trend in the pair.

STRATEGY : 

EUR/GBP  is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.


PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0709	1.0759	1.0797	1.0847	1.0885	1.0935	1.0973
GBP/USD	1.4587	1.4669	1.4739	1.4821	1.4891	1.4973	1.5043
USD/JPY	118.23	118.66	119.37	119.80	120.51	120.94	121.65
USD/CHF	0.9524	0.9561	0.9617	0.9654	0.9710	0.9747	0.9803
AUD/USD	0.7468	0.7549	0.7600	0.7681	0.7732	0.7813	0.7864
EUR/GBP	0.7239	0.7265	0.7289	0.7315	0.7339	0.7365	0.7389
USD/CAD	1.2493	1.2542	1.2609	1.2658	1.2725	1.2774	1.2841
NZD/USD	0.7385	0.7433	0.7474	0.7522	0.7563	0.7611	0.7652

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