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Euro / British Pound
Short

EURGBP Approaching Resistance, Potential Reversal

By ICmarkets
Broker
EURGBP is approaching its resistance at 0.8857 (100% Fibonacci extension , 38.2% & 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse down to its support at 0.8758 (76.4% Fibonacci retracement , horizontal swing low support). Stochastic (21, 5, 3) is approaching its resistance at 89% where a corresponding reversal could occur and there may be a bearish divergence with price.
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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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