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- RES 4: 0.7210 (Jun 22nd high)
- RES 3: 0.7193 (200 day 4 HMA)
- RES 2: 0.7106 ( 20 day 4 H EMA)
- RES 1: 0.7078 (3 day 4 H EMA)
PRICE: 0.7040@ 11:57 GMT
- SUP 1: 0.7000
- SUP 2: 0.6980 (Jun 29th low)_
- SUP 3: 0.6928 (138.2% retracement of 0.70545 and 0.73879)
- SUP 4: 0.6834 (138.2% retracement of 0.7013 and 0.7482)
EUR/GBP has made a low of 0.7020 and recovered from that level . In daily chart it has formed bullish divergence , a jump till 0.7140 cannot be ruled out.
The pair's minor support is around 0.6980 and break below will drag the pair further down till 0.6925/0.6835.
It is good buy at dips around 0.7025 with stop around 0.6980 for the target of 0.7140
