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- RES 4: 0.7200
- RES 3: 0.7170 (200 day HMA)
- RES 2: 0.7120 (55 day 4H EMA)
- RES 1 :0.7100 (20 day 4HMA)
PRICE: 0.7313 @ 12:13 GMT
- Sup 1: 0.7050 (78.6% retracement of 0.6938 and 0.7490)
- SUP 2: 0.7000
- SUP 3: 0.6950 (Aug 5th low)
- SUP 4 : 0.6929 (17th Jul low)
EUR/GBP has broken minor support 0.7100 and declined till 0.7074. Overall trend is still weak as long as resistance 0.7200 holds.
The pair's major support is around 0.7050 and any break below will target 0.7000/0.6950
On the higher side minor resistance is around 0.7100 and any break above would extend gains till 0.7120/0.7170.
It is good to sell on rallies around 0.7120 with SL around 0.7170 for the TP of 0.7050
