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- RES 4 :0.75913 (Feb 3rd 2015)
- 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)
PRICE: 0.7350 @11:37 GMT
- SUP1 : 0.7350 (7 day 4H EMA)
- SUP2: 0.7320 (20 day 4 HMA)
- SUP 3: 0.7240 (55 day 4 H EMA)
- SUP3: 0.7225 (200 day 4 HMA)
EUR/GBP has made a low of 0.7260 and recovered till 0.7387 from that level. Overall trend is bullish as long as support 0.7320 holds.
The Pair's minor support is around 0.7320 and break below will drag the pair further down till 0.7240/0.7225.
It is good to buy at dips around 0.7350 with stop around 0.7320 for the target of 0.7380/0.7435.
