Euro / British PoundShort
EURGBP testing resistance, potential drop!
EURGBP reversed nicely off its resistance at 0.8835 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where price could fall to its support at 0.8768 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
RSI (34) reacted off its descending resistance line which contributes to our bearish bias.
RSI (34) reacted off its descending resistance line which contributes to our bearish bias.
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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.