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ICmarkets
Oct 16, 2018 5:33 AM

EURGBP Approaching Resistance, Potential Reversal Short

Euro Fx/British PoundFXCM

Description

EURGBP is approaching its resistance at 0.8854 (61.8% Fibonacci extension , 50% & 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 0.8792 (50% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding reversal could occur.
Comments
nanetto
thank you!
mirosstoclet
thank you, great analysis!
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