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- RES 3 0.7480 (May 7th High)
- RES 2 : 0.7438 (88.6% retracement of 0.7482 and 0.7545)
- RES 1: 0.7380 (Support turned into resistance)
- RES1 : 0.7340 (61.8% retracement 0.73845 and 0.7265)
PRICE: 0.7330 @11:47 GMT
- SUP1 : 0.7303 (7 day 4H EMA)
- SUP2: 0.7284 (20 day 4 HMA)
- SUP3: 0.7225 (200 day 4 HMA)
- SUP4: 0.7165 (resistance turned into support)
EUR/GBP has made a low of 0.7260 and is slightly recovering from that level. Overall trend is bullish as long as support 0.7225 holds.
The Pair's minor support is around 0.7280 and break below will drag the pair further down till 0.7260/0.7225..
It is good to buy at dips around 0.7270 with stop around 0.7225 for the target of 0.7360/0.7385.
