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- RES 4 : 0.7225 (Jul 10th high)
- RES 3: 0.7128(200 day 4 HMA)
- RES 2: 0.7092 (Cloud top)
- RES 1: 0.7050 (21st Jul high)
PRICE: 0.7047@ 11:28 GMT
- SUP 1: 0.7020 (7 day 4 HEMA)
- SUP 2: 0.6940 (Jul 17th low)
- SUP 3: 0.6928 (138.2% retracement of 0.70545 and 0.73879)
- SUP 4: 0.6834 (138.2% retracement of 0.7013 and 0.7482)
EUR/GBP has made a high of 0.7055 and is currently trading at 0.7045. Overall trend is still bullish as long as support 0.6980 holds.
The pair's major resistance is around 0.7050 and break above will extend gain till 0.7090/0.7125.
It is good to buy at dips around 0.7020 with stop around 0.6980 for the TP of 0.7090/0.7125.
