Euro Fx/British PoundFXCM
Description
⋅ RES 4: 0.7435
RES 3: 0.7380 (Apr 3rd High)
RES 2: 0.7330 (20 day 4HMA)
RES 1: 0.7310 (200 day 4HEMA)
PRICE: 0.7264 @12:05 GMT
SUP 1: 0.7260 (200 day 4HMA)
SUP 2: 0.7220 (31st Mar low)
SUP 3: 0.7150 (61.8% retracement of 0.70130 and 0.7385)
SUP 4: 0.7082 (Mar 15th low)
EUR/GBP has retreated after making a double top around 0.7380. Intraday trend is bearish as long as resistance 0.7310 holds.
It is good to sell on rallies around 0.7280 for the target of 0.7160 with stop around 0.7315.