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- RES 4: 0.7480 (May 5th 2015)
- RES 3: 0.7450 (Oct 2nd 2015)
- RES 2: 0.7420
- RES 1: 0.7386 (20 day 4 HMA)
PRICE: 0.7370 @ 11:48 GMT
- SUP 1: 0.7340 (38% retracement of 0.7195 and 0.74425)
- SUP 2: 0.7320 (200 day 4 HMA)
- SUP 3: 0.7300 (Sep 25th 2015)
- SUP 2: 0.7240
EUR/GBP has declined till 0.7333 yesterday after making a high of 0.74425 (Oct 2nd 2015 high). It is currently trading at 0.7358.
Short term trend is weak as long as resistance 0.7450 holds.
On the higher side minor resistance is around 0.7450 and any break above would extend gains till 0.7480/0.7505.
It is good to sell on rallies around 0.7420 with SL around 0.7450 for the TP of 0.7330/0.7280
