Technicals

Add as a preferred source on Google

EUR/GBP faces strong resistance around 0.7250, break above targets 0.7320

RES 4: 0.7325 RES 4: 0.729525 (61.8% retracement of 0.7482 and 0.6986) RES 3: 0.7250 (Jun 16th high) RES 2: 0.7210 (Jun 22nd high) PRICE: 0.72085@ 12:34 GMT SUP 1: 0.7180 (200 day 4HMA) SUP 2: 0.7150 (20 day 4 HMA) SUP 3…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • RES 4: 0.7325

  • RES 4: 0.729525 (61.8% retracement of 0.7482 and 0.6986)

  • RES 3: 0.7250 (Jun 16th high)

  • RES 2: 0.7210 (Jun 22nd high)

      PRICE: 0.72085@ 12:34 GMT 

  • SUP 1: 0.7180 (200 day 4HMA)

  • SUP 2: 0.7150 (20 day 4 HMA)

  • SUP 3: 0.7095 (cloud top)

  • SUP 4: 0.7050 (May 26th low)

EUR/GBP is facing strong resistance around 0.7250 and break above will target 0.7295/0.7320. The pair is bullish as long as support 0.7150 holds.

 The pair's minor support is around 0.7130 and break below will drag the pair further down till 0.7100/0.7050.

 It is good buy at dips around 0.7190 with stop around 0.7150 for the target of 0.7250/0.7295.

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560