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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: 0.7312 @ 11:38 GMT
- SUP 1: 0.7300 (7 day 4 HEMA)
- SUP 1: 0.7250
- SUP 2: 0.7223 (55 day 4 HEMA)
- SUP 3: 0.7190 (200 day HMA)
EUR/GBP is facing strong resistance around 0.7360 and any break above confirms short term bullishness, a jump till 0.7420 is possible
Overall trend is weak as long as resistance 0.7420 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 sell on rallies around 0.7360 with SL around 0.7420 for the TP of 0.7260.
