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Euro / British Pound
Long

EURGBP bounced off its support, potential to rise further!

By ICmarkets
Broker
Updated
EURGBP bounced off its support at 0.8764 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where we expect prices to rise further to its resistance at 0.8831 (61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic (34, 5, 3) made a corresponding bounce off its support at 9.6% where it could rise further.
Trade closed: target reached
profit target reached!
Bitcoin (Cryptocurrency)BTCBTCUSDChart PatternsEUREURGBPeurgbplongForexforexsignalsGBPHarmonic PatternsTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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