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- RES 4: 0.7395 ( Sep 1st high)
- RES 3: 0.7350 (61.8% retracement of 0.7420 and 0.7250)
- RES2 : 0.7322 (Cloud top)
- RES1 0.7280 (7 DAY 4H EMA)
PRICE: 0.7300 @ 11:48 GMT
- SUP 1: 0.7240 (Aug 30th Low)
- SUP 2: 0.7168 (61.8% retracement of 0.7027 and 0.7420)
- SUP 3: 0.7150 (200 day 4HMA)
- SUP 4:0.7100
EUR/GBP has recovered till 0.7326 today after making a low of 0.72412. It is currently trading at 0.7300. The pair's major support is around 0.7240 and any break below will take the pair further down till 0.7160.
Short term trend is weak as long as resistance 0.7360 holds.
On the higher side minor resistance is around 0.7320 and any break above would extend gains till 0.7360/0.7400.
It is good to sell on rallies around 0.7300 with SL around 0.7360 for the TP of 0.7240/0.7160
