EURGBP Bounced Nicely Off Support, Potential To Rise!
EURGBP bounced nicely off its support at 0.8900(76.4% & 61.8% & 38.2% Fibonacci retracement, horizontal swing low support, ascending channel support) where it could potentially bounce to its resistance at 0.90 (61.8% Fibonacci extension, 76.4%% Fibonacci retracement).
Stochastic (55, 5, 3) is bounced off near its support at 5.1% where a corresponding rise could occur. We have also identified a bullish divergence with price that contributes to our bullish bias.
Stochastic (55, 5, 3) is bounced off near its support at 5.1% where a corresponding rise could occur. We have also identified a bullish divergence with price that contributes to our bullish bias.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.