ICmarkets

EURGBP Testing Support, Potential For A Bounce

Long
FX:EURGBP   Euro / British Pound
EURGBP is approaching its support at 0.8891 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 0.8950 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 4.4% where a corresponding bounce could occur.

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