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- RES 4: 0.7525 (50% retracement of 0.80220 and 0.7013)
- 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: 0.73284 @11:47 GMT
- SUP1 : 0.7325 (7 day 4H EMA)
- SUP2: 0.7300 (20 day 4 HMA)
- SUP3: 0.7215 (200 day 4 HMA)
- SUP4: 0.7165 (resistance turned into support)
EUR/GBP has made a high of 0.7380 and is slightly retreating from that level. Overall trend is bearish as long as resistance 0.7380 holds.
The Pair's minor support is around 0.7320 and break below will drag the pair further down till 0.7260/0.7200..
It is good to sell on rallies around 0.7360 with stop around 0.7430 for the target of 0.7260/0.7215.
