FxWirePro: EUR/GBP faces strong resistance around 0.7430, good to sell on rallies

• RES 4: 0.7590 (Feb 3^rd high)
  
  
• RES 3: 0.7506 ( 138.2 % retracement of 0.7420 and 0.7196)
  
  
• RES 2: 0.7480 (May 5^th 2015)
  
  
• RES 1: 0.7420                                    

      PRICE: 0.7385 @ 12:49 GMT 

• SUP 1: 0.7385 (20 day 4 HMA)
  
  
• SUP 2: 0.7347 (55 day 4 HMA)
  
  
• SUP 3: 0.7300 (Sep 25^th 2015)
  
  
• SUP 2: 0.7280 (200 day 4 HMA)
  
  

EUR/GBP has recovered till 0.7436 after making a low of 0.73016 It is currently trading at 0.7393.

Short term trend is bearish as long as resistance 0.7435 holds.

On the higher side minor resistance is around 0.7435 and any break above would extend gains till 0.7480/0.7505.

It is good to sell on rallies around 0.7385-90 with SL around 0.7436 for the TP of 0.7320/0.727