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- RES 4: 0.7590 (Feb 3rd high)
- RES 3: 0.7506 ( 138.2 % retracement of 0.7420 and 0.7196)
- RES 2: 0.7480 (May 5th 2015)
- RES 1: 0.7420
PRICE: 0.7385 @ 12:49 GMT
- SUP 1: 0.7385 (20 day 4 HMA)
- SUP 2: 0.7347 (55 day 4 HMA)
- SUP 3: 0.7300 (Sep 25th 2015)
- SUP 2: 0.7280 (200 day 4 HMA)
EUR/GBP has recovered till 0.7436 after making a low of 0.73016 It is currently trading at 0.7393.
Short term trend is bearish as long as resistance 0.7435 holds.
On the higher side minor resistance is around 0.7435 and any break above would extend gains till 0.7480/0.7505.
It is good to sell on rallies around 0.7385-90 with SL around 0.7436 for the TP of 0.7320/0.727
