tommyjones91

EURGBP BETWEEN 38.2 FIB LEVEL AND UPWARD TREND.

FX_IDC:EURGBP   Euro / British Pound
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PRICE HAS BEEN CLIMBING FOR A WEEK ALONG A RELATIVELY STEEP UPWARD TEND LINE, IT HAS NOW REACHED RESISTANCE IN THE FORM OF THE 38.2 FIB LEVEL FROM THE HIGH OF THE 15TH OF JAN 17 AND THE LOW OF THE 22ND FEB 17. RSI IS ALSO AROUND THE OVERSOLD POINT.

WILL BE WAITING FOR A CONVINCING MOVE EITHER ABOVE THE FIB LEVEL OR BELOW THE TREND LINE FOR A TRADE ENTRY.