easyMarkets
Short

EURGBP approaching resistance, potential drop!

FX:EURGBP   Euro / British Pound
EURGBP is approaching resistance at 0.8854 (horizontal pullback resistance, 23.6% Fibonacci retracement ) and a strong drop might occur below this level pushing price down to our major support at 0.8734 (horizontal swing low support, 76.4% Fibonacci retracement , 100% Fibonacci extension ).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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