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ICmarkets
Feb 21, 2019 2:17 AM

EURGBP Bounced Off Support, Potential Further Rise Long

Euro Fx/British PoundFXCM

Description

EURGBP bounced nicely off its support at 0.8669 (100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.8734 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is bounced off its support at 1.5% where a corresponding rise could occur.
Comments
Johanes
It seems we have similar forecast.

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