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- RES 4: 0.7480 (May 5th 2015)
- RES 3: 0.7420
- RES 2: 0.7395 ( Sep 1st high)
- RES 1: 0.7350 (61.8% retracement of 0.7420 and 0.7250)
PRICE: 0.7353 @ 12:16 GMT
- SUP 1: 0.7300 (Sep 25th 2015)
- SUP 2: 0.7265 (200 day 4 HMA)
- SUP 3: 0.7240 (Aug 30th Low)
- SUP 4: 0.7195 ( Sep 22nd low)
EUR/GBP has recovered till 0.7396 after making a low of 0.73016 It is currently trading at 0.7360.
Short term trend is bullish as long as support 0.7240 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 buy at dips around 0.7320 with SL around 0.7290 for the TP of 0.7480
