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ICmarkets
Sep 11, 2018 3:27 AM

EURGBP Testing Support, Potential For A Bounce Long

Euro Fx/British PoundFXCM

Description

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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