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- RES4: 0.7420
- RES 3: 0.7380 (Apr 3rd High)
- RES2:0.7345 (61.8% retracement of
- RES 2: 0.7270 (200 day HMA)
PRICE: 0.72737 @12:02 GMT
- SUP1: 0.7240 (55 day HMA)
- SUP2:0.7205 (50% retracement of 0.7121 and 0.7284)
- SUP3: 0.7165 (61.8% retracement of 0.7121 and 0.7243)
- SUP 4:0.7115 (23rd Apr low)
EUR/GBP has recovered till 0.7285 after forming a double bottom around 0.7120 and is now trading around 0.7265. Intraday trend is bullish as long as support 0.7200 holds.
The minor support is around 0.7200 and break below will target 0.7160/0.7115.
Indicator (1 hour chart)
CCI (50) - Buy
CCI (14) -Sell
Ichimoku-Neutral
It is good to buy around 0.7230 for the target of 0.7325 with stop around 0.7195
