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- RES 1 : 0.7225 (Jul 10th high)
- RES 2: 0.7158 (50 % retracement of 0.7380 and 0.6929)
- RES 3 :0.7084 (200 day 4 HMA)
- RES 4: 0.7031 (20 day 4 HMA)
PRICE: 0.7029 @ 11:30 GMT
- SUP 1: 0.7020 (7 day 4 H EMA)
- SUP2: 0.6980 (Jul 30th low)
- SUP 2: 0.6960 (Jul 22nd low)
- SUP 3: 0.6928 (138.2% retracement of 0.70545 and 0.73879)
EUR/GBP has retreated after making a high of 0.7965 yesterday trend is weak as long as resistance 0.7100 holds.
The pair's major resistance is around 0.7040 and break above will extend gain till 0.7100.
It is good to sell on rallies around 0.750-55 with stop around 0.7100 for the TP of 0.6925.
