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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: 0.7292@ 12:42 GMT
- SUP 1: 0.7300 (20 day 4 HMA)
- SUP 1: 0.7270 (Sep 3rd low)
- SUP 2: 0.7240 (Aug 30th Low)
- SUP 3: 0.7168 (61.8% retracement of 0.7027 and 0.7420)
EUR/GBP is facing strong resistance around 0.7400 and any break above confirms short term bullishness, a jump till 0.7480/0.7533 is possible
Overall trend is weak as long as resistance 0.7400 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 0.7350 with SL around 0.7400 for the TP of 0.7250
