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EUR/GBP is consolidating phase, good to buy at dips

  • RES4: 0.7420
  • RES 3: 0.7380 (Apr 3rd High)
  • RES 2: 0.7270 (200 day HMA)

  • RES 1: 0.7240 (200 day H EMA)

      PRICE: 0.72215 @10:51 GMT 

  • SUP1: 0.7180 (Cloud bottom)

  • SUP2: 0.7165 (61.8% retracement of 0.7121 and 0.7243)

  • SUP 2:0.7115 (23rd Apr low)

  • Sup 3: 0.7010 (Mar 11th low)

EUR/GBP has recovered after forming a double bottom around 0.7120 and is now consolidating around 0.7200-722.

Intraday trend is bullish as long as support 0.7180 holds.

 The minor support is around 0.7160 and break below will target 0.7085/0.7015.

Indicator (1 hour chart)

CCI (50) - Buy

CCI (14) -Sell

Ichimoku-Neutral


It is good to buy around 0.7200 for the target of 0.7270 with stop around 0.7160.

 

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