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- RES 4:0.7520
- RES 3: 0.7480 (May 5th 2015)
- RES 2: 0.7450 (Oct 2nd 2015)
- RES 1: 0.7425 (20 day 4 HMA)
PRICE: 0.7382 @ 12:04 GMT
- SUP 1: 0.7388 ( cloud top)
- SUP 2: 0.7340 (200 day 4 HMA)
- SUP 3: 0.7300 (Sep 25th 2015)
- SUP 4: 0.7240
EUR/GBP is facing strong resistance around 0.7500 and any further bullishness can be seen only above that level. Overall trend is still weak as long as resistance 0.7500 holds
Any break below 0.7380 will target 0.7340/0.7300
On the higher side minor resistance is around 0.7450 and any break above would extend gains till 0.7480/0.7520.
It is good to sell on rallies around 0.7450 with SL around 0.75000 for the TP of 0.7380/0.7340
