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QuangPA

bottom fishing EURGBP

Long
Euro / British Pound (FX:EURGBP)  
QuangPA Updated   
FX:EURGBP   Euro / British Pound
Trend Analysis Technical Indicators
2
0
trendanalysis indicator
EURGBP retreated to bottom of price channel, could form whipsaw before recovering. target price: 0.8784. Both stochastics and RSI 4H are in oversold zone, signaling possible recovery
Fundamental: negative news from UK PM and DUP about North Irelands "hard border" would shrink GBP, fundamental of EUR remains solid
Comment:
strong support 0.8681 (fibo retrace 0.618)
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