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EUR/GBP faces strong resistance around 0.7100, break above targets 0.7220

RES 1 : 0.7225 (Jul 10th high) RES 2: 0.7159 (Jul 27th high) RES 3 :0.7100 (31st Jul high) RES 4: 0.7065 (200 day 4 HMA) PRICE: 0.7093@ 12:25 GMT SUP 1: 0.7052 (20 day 4 H EMA) SUP 2: 0.7025 (Cloud top) SUP 2 : 0.6949 (A…

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  • RES 1 : 0.7225 (Jul 10th high)

  • RES 2: 0.7159 (Jul 27th high)

  • RES 3 :0.7100 (31st Jul high)

  • RES 4: 0.7065 (200 day 4 HMA)

      PRICE: 0.7093@ 12:25 GMT 

  • SUP 1: 0.7052 (20 day 4 H EMA)

  • SUP 2: 0.7025 (Cloud top)

  • SUP 2 : 0.6949 (Aug 5th low)

  • SUP 3: 0.6928 (138.2% retracement of 0.70545 and 0.73879)

EUR/GBP has recovered till 0.7098 after making a low of 0.6950 trend is still bullish as long as support 0.6950 holds.

The pair's major resistance is around 0.7065 and break above will extend gain till 0.7100/0.7159

 
It is good to buy around 0.7090 with SL around 0.7050 for the TP of 0.7159/0.7225.

 

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