FxWirePro: EUR/GBP faces short term resistance around 0.7250, good to sell on rallies

• RES 4: 0.7330 (200 day 4 HMA)
• RES 3: 0.7300
• RES 2: 0.7251 (7 day 4HMA)
• RES 1 :0.7197 (20 day 4HMA)                                   

PRICE: 0.7181 @ 12:22 GMT 

• SUP 1: 0.7195 (Sep 22nd low)
• SUP 2: 0.7150 (61.8% retracement of 0.6950 and 0.7490)
• SUP 3: 0.7100
• Sup 4: 0.7050 (78.6% retracement of 0.6938 and

EUR/GBP has made a low of 0.7150 and slightly recovered till 0.7198. Overall trend is still weak as long as resistance 0.7250 holds.

The pair's major support is around 0.7150 and any break below 0.7150 will target 0.7100/0.7050

On the higher side minor resistance is around 0.7200 and any break above would extend gains till 0.7250/0.7300.

It is good to sell on rallies around 0.7200 with SL around 0.7250 for the TP of 0.7100