EUR/GBP


The Eur may be preparing to move higher against the british Pound after forming an Inverted Hammer candlestick. A daily close above horizontal pivot support-turned-resistance at 0.7222 exposes the 23.6% Fibonacci expansion at 0.7279. Alternatively, a push below the 38.2% Fib at 0.7153 opens the door for a challenge of the 50% expansion at 0.7052.



TREND ANALYSIS

MONTHLY TREND : BEARISH MKT

WEEKLY TREND : BEARISH MKT

DAILY TREND : NEUTRAL




SUPPORT AND RESISTANCE


Support 0.7153, 0.7052, 0.6950

Resistance: 0.7223, 0.7279, 0.7356



PRICE PROJECTION

1ST OF JULY PRICE PROJECTION 2015 @ 0.7080




EUR/GBP TECHNICAL VIEW





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