EURGBP bounced off its support, potential to rise further!
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.
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!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.