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- RES 4: 0.7580 (Feb 3rd high)
- RES 3:0.7520
- RES 2: 0.7480 (May 5th 2015)
- RES 1: 0.7450 (Oct 2nd 2015)
PRICE: 0.7470 @ 11:37 GMT
- SUP 1: 0.7420 (7 H EMA)
- SUP 2: 0.7380 ( 200 day HMA)
- SUP 3: 0.7330 (Oct 9th low)
- SUP 4: 0.7300 (Sep 25th 2015)
EUR/GBP has broken major resistance 0.7450 and jump till 0.7520/0.7580 is possible . It is currently trading at 0.7411.
Intraday trend is bullish as long as support 0.7420 holds.
Any break below 0.7420 will target 0.7380/0.7330
On the higher side minor resistance is around 0.7480 and any break above would extend gains till 0.7520/0.7580.
It is good to buy at dips around 0.7425-30 with SL around 0.7480 for the TP of 0.748/0.7520
