FXCM

EURGBP Facing Bearish Pressure | 21 June 2021

Short
FOREXCOM:EURGBP   Euro / British Pound
EURGBP approaching descending trendline resistance. A short-term drop below 78.6% Fibonacci retracement and our entry at 0.86108 towards our take profit and 61.8% Fibonacci retracement at 0.85665 could be possible. Our take profit level is also in line with graphical overlap support. Stochastic is also reacting below resistance where price pulled back in the past.

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Comments

it will go more down. tp can be removed and replaced with sl in same position when it goes more down
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