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- RES 4: 0.7290 (161.8% retracement of 0.6949 and 0.7160)
- RES 3 : 0.7225 (Jul 10th high)
- RES 2: 0.7159 (Jul 27th high)
- RES 1: 0.7125 (7 day 4 HEMA)
PRICE: 0.7111@ 12:25 GMT
- SUP 1: 0.7100 (20 day 4 H EMA)
- SUP 2: 0.7065 (200 day 4 HMA)
- SUP 3: 0.7010 (Cloud top)
- SUP 4 : 0.6949 (Aug 5th low)
EUR/GBP has recovered till 0.7170 and started to retreat from that level. It is facing strong resistance around 0.7220 and any further bullishness can be seen only above that level.
The pair's major resistance is around 0.7170 and break above will extend gain till 0.7220/0.7290
It is good to sell on rallies around 0.7160-70 with SL around 0.7220 for the TP of 0.7065/0.7000.
