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Euro / British Pound
Short

EURGBP approaching resistance, potential drop!

752
EURGBP is approaching our first resistance at 0.8782 (horizonal swing high resistance, 61.8% Fibonacci retracement) which coincides with our ascending pullback resistance line where price might potentially react off and drop to our support at 0.8713 (Horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
RSI (34) is also reacting off its resistance where we might see a potential drop in price.
ICmarkets
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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.
Also on:
Chart PatternsEUREURGBPeurgbplongeurgbpshortForexforexsignalsforextradingGBPHarmonic PatternsTrend Analysis

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.
Chart PatternsEUREURGBPeurgbplongeurgbpshortForexforexsignalsforextradingGBPHarmonic 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.
Also on:

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.