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Euro / Sterlina
Short

EURGBP Testing Resistance, Potential Reversal!

Di ICmarkets
Broker
EURGBP is testing its resistance at 0.8914 (100% Fibonacci extension, 61.8% & 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 0.8803 (50% & 38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (34, 5, 3) is being held down by a descending resistance line which contributes to our bearish bias.
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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