EURGBP- Declines Further

EURGBP- Having continued to weaken, the cross looks to extend that weakness. On the downside, support lies at the 0.6900 level where a break will expose the 0.6850 level.

Further down, support comes in at the 0.6800 level where a violation will turn attention to the 0.6750 level. On the upside, resistance lies at the 0.7050 level where a violation if seen will turn focus to the 0.7100 level. On further upside, a breach of the 0.7150 level will set the stage for a run at the 0.7200 level. All in all, risk points lower on more weakness.

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