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- RES 4: 0.7290 (161.8% retracement of 0.6949 and 0.7160)
- RES 3 : 0.7225 (Jul 10th high)
- RES 2: 0.7159 (Jul 27th high)
- RES 1: 0.7104 (7 day 4 HEMA)
PRICE: 0.7105@ 12:17 GMT
- SUP 1: 0.7086 (55 day 4H EMA)
- SUP 2: 0.7063(200 day 4 HMA)
- SUP 3: 0.7020 (Cloud bottom)
- SUP 4 : 0.6949 (Aug 5th low)
EUR/GBP has made a high of 0.7169 and slightly declined till 0.7063 from that level. It is currently trading at 0.7105.
Overall trend is still bullish as long as support 0.7060 holds.
Any break below 0.7060 confirms short term weakness, a decline till 0.7000 is possible.
On the higher side minor resistance is around 0.7160 and any break above would extend gains till 0.7225/0.7290.
It is good to buy at dips around 0.7090 with SL 0.7060 for the TP of 0.7170/0.7225
