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EURGBP back to major support, potential upcoming bounce

Long
Euro / British Pound (FX:EURGBP)  
Tickmill Broker  
FX:EURGBP   Euro / British Pound
Trend Analysis Harmonic Patterns Chart Patterns EURGBP eurgbpshort eurgbplong eurgbptrend eurgbpsell eurgbpbullish eurgbpbearish EUR GBP
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trendanalysis harmonicpatterns chartpattern eurgbp eurgbpshort eurgbplong eurgbptrend eurgbpsell eurgbpbullish eurgbpbearish eur gbp
Price is back to major support at 0.8842 (Fibonacci retracement, horizontal overlap support) and a strong bounce could potentially occur at this level to push price up to at least 0.8972 resistance (Fibonacci extension, channel resistance, horizontal swing high resistance). Our next major leve of support is at 0.8786 (Fibonacci retracement, swing low support).

Stochastic (34,5,3) is seeing major support above 4.3% where a potential corresponding bounce could occur.

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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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