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- RES 4: 0.7282 (May 18th high)
- RES 3: 0.7232 (May 19th high)
- RES2:0.72012 (61.8% retracement of 0.7285 and 0.7639)
- RES3 : 0.7168 (200 day HMA)
PRICE: 0.7147 @11:04 GMT
- SUP1 : 0.7130 (200 day HMA)
- SUP2 : 0.7080 (55 day H EMA)
- SUP3: 0.7060 (61.8% projection of 0.74820 to 0.71217 from 0.72822)
- SUP 4: 0.7022 (161.8% retracement of 0.71217 and 0.72822)
EUR/GBP has recovered till 0.7148 after making a low of 0.7054. Overall trend is bullish as long as support 0.7050 holds.
The Pair's minor resistance is around 0.7165 and break above will target 0.7230/0.7280.
It is good to buy at dips around 0.7125 with stop around 0.7050 for the target of 0.7230/0.7280.
