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- RES 4: 0.7480 (May 5th 2015)
- RES 3: 0.7420
- RES 2: 0.7395 ( Sep 1st high)
- RES 1: 0.7350 (61.8% retracement of 0.7420 and 0.7250)
PRICE: 0.7380 @ 11:32 GMT
- SUP 1: 0.7240 (Aug 30th Low)
- SUP 2: 0.7220( 200 day 4 HMA)
- SUP 3: 0.7168 (61.8% retracement of 0.7027 and 0.7420)
- SUP 4: 0.7100
EUR/GBP has recovered after making a low of 0.7196. It is currently trading at 0.7300.
Short term trend is bullish as long as support 0.7240 holds.
On the higher side minor resistance is around 0.7320 and any break above would extend gains till 0.7360/0.7400.
It is good to buy at dips around 0.7320-25 with SL around 0.7275 for the TP of 0.7420/0.7475
