FxWirePro: EUR/GBP faces strong resistance around 0.7450, good to sell on rallies

• RES 4: 0.7480 (May 5^th 2015)
  
  
  
• RES 3: 0.7450 (Oct 2^nd 2015)
  
  
  
• RES 2: 0.7420
  
  
  
• RES 1: 0.7386 (20 day 4 HMA)                               

      PRICE: 0.7370 @ 11:48 GMT 

• SUP 1: 0.7340 (38% retracement of 0.7195 and 0.74425)
  
  
• SUP 2: 0.7320 (200 day 4 HMA)
  
  
• SUP 3: 0.7300 (Sep 25^th 2015)
  
  
• SUP 2: 0.7240
  
  

EUR/GBP has declined till 0.7333 yesterday  after making a high of 0.74425 (Oct 2^nd 2015 high). It is currently trading at 0.7358.

Short term trend is weak as long as resistance 0.7450 holds.

On the higher side minor resistance is around 0.7450 and any break above would extend gains till 0.7480/0.7505.

It is good to sell on rallies around 0.7420 with SL around 0.7450 for the TP of 0.7330/0.7280