Euro / British PoundShort
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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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.