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EUR/GBP is trading above cloud , jump till 0.7290 is possible

RES4: 0.7420 RES 3: 0.7380 (Apr 3rd High) RES 2: 0.7290 (200 day HMA) RES 1: 0.7260 (May 11th high) PRICE: 0.72215 @12:11 GMT SUP1: 0.7156 SUP 2:0.7115 (23rd Apr low) Sup 3: 0.7010 (Mar 11th low) SUP4: 0.683 (138.2% retr…

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  • RES4: 0.7420
  • RES 3: 0.7380 (Apr 3rd High)
  • RES 2: 0.7290 (200 day HMA)

  • RES 1: 0.7260 (May 11th high)

      PRICE: 0.72215 @12:11 GMT 

  • SUP1: 0.7156

  • SUP 2:0.7115 (23rd Apr low)

  • Sup 3: 0.7010 (Mar 11th low)

  • SUP4: 0.683 (138.2% retracement of 0.7010 and 0.748)

EUR/GBP has recovered after forming a double bottom around 0.7120 . Intraday trend is bullish as long as support 0.7190 holds.

 The minor support is around 0.7160 and break below will target 0.7085/0.7015.

Indicator (1 hour chart)

CCI (50) - Buy

CCI (14) -Buy

Ichimoku-Buy


It is good to buy around 0.7215 for the target of 0.7285 with stop around 0.7190.

 

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