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Euro / British Pound
Short

EURGBP right on major resistance, potential drop!

By Tickmill
Broker
EURGBP is now testing major resistance at 0.8911 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and a strong drop could occur from this level to push price down to 0.8747 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).

Stochastic (55,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.

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Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsEUREURGBPeurgbp!eurgbpbullisheurgbplongeurgbpselleurgbpshorteurgbptrendGBPHarmonic PatternsTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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