Eur/gbp Trades Below 200 Day 4 Hma, Targets 0.6925

• RES 1 : 0.7225 (Jul 10^th high)
• RES 2: 0.7158 (50 % retracement of 0.7380 and 0.6929)
• RES 3 :0.7080 (200 day 4 HMA)
• RES 4: 0.7042 (55 day 4 HEMA)

      PRICE: 0.7033 @ 11:45 GMT 

• SUP 1: 0.7029 (7 day 4 H EMA)
• SUP2: 0.6980 (Jul 30^th low)
• SUP 3: 0.6960 (Jul 22^nd low)
• SUP 4: 0.6928 (138.2% retracement of 0.70545 and 0.73879)

EUR/GBP has retreated till 0.7010 after making a high of 0.7965 trend is weak as long as resistance 0.7100 holds.

 The pair’s major resistance is around 0.7040 and break above will extend gain till 0.7100.

 It is good to sell on rallies around 0.750-55 with stop around 0.7100 for the TP of 0.6925.

The material has been provided by InstaForex Company – www.instaforex.com