Key Support Appears Exposed

• RES 4: 0.8701/21 High May 7 / High Apr 26 and the bull trigger
• RES 3: 0.8672 High May 25
• RES 2: 0.8670 High Jul 20 and 76.4% of the Apr - Jul bearish phase
• RES 1: 0.8585 50-day EMA
• PRICE: 0.8519 @ 20:37 BST Jul 28
• SUP 1: 0.8500 Intraday Low
• SUP 2: 0.8481 1% 10-dma envelope
• SUP 3: 0.8472 Low Apr 5
• SUP 4: 0.8430 Low Feb 27, 2020

EURGBP remains vulnerable and continues to extend last week's sell-off and reversal from the Jul 20 high. The sharp move lower places on hold, a recent bullish focus. Instead, attention is on support at 0.8504, the Jul 14 low and a near-term bear trigger. A break of this level would strengthen a bearish case and open 0.8472, the Apr 5 low. On the upside, key resistance is unchanged at 0.8670, the Jul 20 high.