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- RES 4 : 0.7480
- RES 3: 0.7420 (Aug 24th high)
- RES 2: 0.7380
- RES 1: 0.7350 (61.8% retracement of 0.7420 and 0.7250)
PRICE: 0.7348@ 12:20 GMT
- SUP 1: 0.7336 (20 day 4 HMA)
- SUP 1: 0.7291( 55 day 4 HEMA)
- SUP 2: 0.7240
- SUP 3: 0.7168 (61.8% retracement of 0.7027 and 0.7420)
EUR/GBP is facing strong resistance around 0.7400 and any break above confirms short term bullishness, a jump till 0.7480/0.7533 is possible
Overall trend is bullish as long as support 0.7300 holds.
On the higher side minor resistance is around 0.7360 and any break above would extend gains till 0.7390/0.7420.
It is good to buy at dips around 0.7340-45 with SL around 0.7300 for the TP of 0.7400/0.7420
