- renewed selling in Cable ensured EUR/GBP kept gains abv 0.7842 (50% of Jul 2013 high-Jul 2015 low) suggesting erratic decline from last Thu may have run out of steam and doors are opened for a re-test of 0.7928.
- Bullish 1-hr RSI also adds credence to the possibility of upside being achieved in next 24 hours or so.
- 0.7848 should be treated as demarcation line between bulls n bears.
Supp – 0.7848, 0.7774, 0.7705
Res – 0.7897, 0.7928, 0.7946