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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: 0.7372 @ 11:15 GMT
- SUP 1: 0.7320 (20 day 4 HEMA)
- SUP 2: 0.7280 (55 4 H EMA)
- SUP 3: 0.7250
- SUP 4: 0.7223 (55 day 4 HEMA)
EUR/GBP is facing strong resistance around 0.7420 and any break above confirms short term bullishness, a jump till 0.7480/0.7500 is possible
Overall trend is bullish as long as support 0.7320 holds.
On the higher side minor resistance is around 0.7420 and any break above would extend gains till 0.7480/0.7500.
It is good to buy at dips around 0.7345 with SL around 0.7310 for the TP of 0.7420/0.7480.
