Technicals

Add as a preferred source on Google

FxWirePro: EUR/GBP recovers after making low of 0.7084, good to sell on rallies

RES 3: 0.7210 (Jun 22nd high) RES 3: 0.7195(200 day HMA) RES 2 : 0.7153 (55 4H EMA) RES 1: 0.7115 (7 day 4H EMA) PRICE: 0.7119 @ 11:55 GMT SUP 1: 0.7115 SUP 2: 0.7050 (May 26th low) SUP 3: 0.700 SUP4 : 0.6926 (138.2 % re…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • RES 3: 0.7210 (Jun 22nd high)
  • RES 3: 0.7195(200 day HMA)
  • RES 2 : 0.7153 (55 4H EMA)
  • RES 1: 0.7115 (7 day 4H EMA)

      PRICE: 0.7119 @ 11:55 GMT 

  • SUP 1: 0.7115

  • SUP 2: 0.7050 (May 26th low)

  • SUP 3: 0.700

  • SUP4 : 0.6926 (138.2 % retracement of 0.7054 and 0.73879)

EUR/GBP has broken recovered after making a low of 0.7084. Overall trend is weak as long as resistance 0.7195 holds.

The pair's minor support is around 0.7050 and break below will drag the pair further down till 0.7000/0.6930.

It is good to sell on rallies around 0.7140 with stop around 0.7195 for the target of 0.7050/0.7000.

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560