EUR/GBP was rejected at highs near 0.7385 today, bulls struggling to take the pair higher.
Doji formed on Tuesday's candle and hammer in today's session till now suggest retest of 0.7313 levels, 0.7313 is 23.6% Fib retrace of 0.6981-0.7416 rise.
Bias however still with the bulls and techs suggests a run toward 0.7500 is due, with minor pullbacks on charts.
Buying dips remains favored, but for a trading purpose it is good to sell rallies around 0.74 levels, SL: 0.7450, TP: 0.7320.
Resistance Levels:R1: 0.7408 (Daily High Dec 29)R2: 0.7417 (Daily High Dec 22)R3: 0.7424 (Daily High Oct 15)Support Levels:S1: 0.7344 (10 DMA)S2: 0.7328 (Daily Tenkan)S3: 0.7318 (Daily Low Dec 24)
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