EURGBP bounced nicely off support, potential to rise further!
EURGBP bounced nicely from its support at 0.8726 (76.4% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support) where price could potentially rise further to its resistance at 0.8795 (61.8% Fibonacci extension, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 0.8759 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) bounced nicely off its support at 3.5% where a corresponding rise could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55, 5, 3) bounced nicely off its support at 3.5% where a corresponding rise could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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