EUR/GBP breaks below 0.72 – FXMarketAlerts

FXStreet (Barcelona) - The FXMarketAlerts Team shares the technical outlook and key levels for EUR/GBP, noting that the break below 0.72 has exposed 0.71 levels.

Key Quotes

“After return to balance yesterday, the EUR has broken off the s/t pivot. Now looking lower, ref. the .71~ lows. This am.'s .7200~ break caps/ is resistance."

"R3: .7285 Fri, Mon highs

R2: .7250~ * Mar-May pivot

R1: .7220~ fr 11-May high volm

S1: .7105 * 23-Apr low

S2: .7090 16-Mar low

S3: .7010 * 11-Mar YTD low”