EURGBP Testing Resistance, Potential Reversal!
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.
Stochastic (34, 5, 3) is being held down by a descending resistance line which contributes to our bearish bias.
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