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- RES 4: 0.7270 (trend line resistance)
- RES 3 : 0.7225 (Jul 10th high)
- RES 2: 0.7158 (50 % retracement of 0.7380 and 0.6929)
- RES 1: 0.7120(200 day 4 HMA)
PRICE: 0.7134@ 11:03 GMT
- SUP 1: 0.7060 (7 day 4 HEMA)
- SUP2: 0.7020 (20 day 4HMA)
- SUP 2: 0.6960 (Jul 22nd low)
- SUP 3: 0.6928 (138.2% retracement of 0.70545 and 0.73879)
EUR/GBP has made a high of 0.71595 and is currently trading at 0.7131. Overall trend is still bullish as long as support 0.7060 holds.
The pair's major resistance is around 0.7160 and break above will extend gain till 0.7225/0.7270.
It is good to buy at dips around 0.7100 with stop around 0.7050 for the TP of 0.7225.
