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- RES4: 0.7590 (Feb 3rd high)
- RES 3: 0.7509
- RES 2: 0.74570 (76.4% retracement of 0.7590 and 0.7010)
- RES 1: 0.7420 (May 1st high)
PRICE: 0.73714 @11:44 GMT
- SUP 1: 0.7358 (34 day H EMA)
- SUP 2: 0.7332 (55 day H EMA)
- SUP 3:0.7301 (38.2% retracement of 0.7117 and 0.7417)
- Sup 4: 0.7250 (Cloud bottom)
EUR/GBP has retreated after making a high of 0.7418. Overall trend is bullish as long as support 0.7300 holds.
On the downside break below will target 0.7250/0.7209 (200 day HMA)
Indicator (1 hour chart)
CCI (50) - Buy
CCI (14) -Sell
Ichimoku-Buy
It is good to buy at dips around 0.7350 for the target of 0.7450 with stop around 0.7290.
