- RES 4: 0.7590 (Feb 3rd high)
- RES 3: 0.7506 ( 138.2 % retracement of 0.7420 and 0.7196)
- RES 2: 0.7480 (May 5th 2015)
- RES 1: 0.7420
PRICE: 0.7390 @ 12:17 GMT
- SUP 1: 0.7365 (20 day 4 HMA)
- SUP 2: 0.7330 (7 day 4 HMA)
- SUP 3: 0.7300 (Sep 25th 2015)
- SUP 2: 0.7270(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 bullish as long as support 0.7320 holds.
On the higher side minor resistance is around 0.7420 and any break above would extend gains till 0.7480/0.7505.
It is good to buy at dips around 0.7360 with SL around 0.7320 for the TP of 0.7480
The material has been provided by InstaForex Company – www.instaforex.com