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Euro / British Pound
Short

EURGBP Reversed Off Resistance, Potential Drop!

By ICmarkets
Broker
EURGBP has reversed off its resistance area between 0.8936 and 0.8954 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where price could rise up to before reversing down to its support at 0.8867 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) has reversed off its resistance at 95% where it has alot of downside potential.
Chart PatternsEUREURGBPeurgbpshortForexforexsignalsGBPHarmonic 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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