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EURGBP Technical Analysis (23-27 February,2015) | February 21, 2015
Eurgbp is facing 200 SMA in H1 time frame. This 100 Simple moving average is acting as good resistance for this pair. If this pair can stay below this 100 SMA, then we can expect more downward movement on this pair. 0.7440-.07450 level is also good resistance for this pair. It will be good selling zone eurgbp. We can sell from that level and we can target 0.7300 area.In daily candle, we can spinning top. So next daily candle is important for this pair. So we need to wait for next candle for getting confirmation of next movement.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 0.7491
Resistance One (R1): 0.7436
Pivot Point: 0.7387
Support One (S1): 0.7332
Support Two (S2): 0.7283
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