- EUR/GBP rallied to 0.7435 on GBP weakness, last time cross traded at these levels was May
- Daily slow stochs are now closing in on overbought levels which could limit further gains
- EUR/GBP is currently trading at 0.7415 , immediate resistance is seen at 0.7445 (30 DMA Upper Bollinger) ahead of 0.7482 (Daily High May 7)
- On the flipside support is located at 0.7335 (Daily Low Sept 28) and further below at 0.7326 (21 DMA)
- In the day ahead: UK consumer credit/mortgage approvals & CBI retail sales survey in pipeline, Carney speaks 1915GMT
Resistance Levels:
R1: 0.7445 (30 DMA Upper Bollinger)
R2: 0.7482 (Daily High May 7)
R3: 0.7510 (Daily High Feb 5)
Support Levels:
S1: 0.7335 (Daily Low Sept 28)
S2: 0.7326 (21 DMA)
S3: 0.7316 (10 DMA)


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