EUR/GBP fails to hold above 0.93 handle, short close below 5DMA

EUR/GBP fails to hold above 0.93 handle, slips lower to trade at 0.9243 at the time of writing.
Formation of Gravestone Doji at highs raises scope for downside in the pair.
5-DMA at 0.9249 is immediate support, close below could see drag upto 20-DMA at 0.9136.
Stochastic and RSI are in overbought zone, rollover will add to bearish bias.
Violation at 20-DMA finds next major support at 0.9088 (23.6% Fib retrace of 0.83822 to 0.93064 rally).
On the upside, the pair finds major trendline resistance at 0.9310. We see upside only on break above.

Support levels - 0.92, 0.9136 (20-DMA), 0.91, 0.9088 (23.6% Fib retrace of 0.83822 to 0.93064 rally)
Resistance levels - 0.9310 (Trendline resistance), 0.94, 0.9411 (Oct 2009 high), 0.9477 (88.6% Fib retrace of 0.9804 to 0.6930 fall)

Good to go short on close below 5-DMA, SL: 0.9310, TP: 0.92/ 0.9140/ 0.91/ 0.90

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