Nice idea on EURGBP and there may be potential gains as you have identified by going long. The 1st support level that we have found is at 0.8724, which is below the support zone that you have identified. It is a horizontal swing low support, with a 100% Fibonacci extension and 76.4% Fibonacci retracement. Stochastic is approaching support and we might see a corresponding rise in price should it bounce off this level. If a corresponding rise does happen, we have found a major resistance level at 0.8855, which is above the resistance zone that you have identified. It is a horizontal pullback resistance with a 100% Fibonacci extension and 38.2% & 50% Fibonacci retracement. Excited to see how things develop.
Please take a look at our idea and share with us what you think.
Please take a look at our idea and share with us what you think.