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Mar 20, 2019 2:12 AM

EURGBP Approaching Resistance, Potential Reversal! Short

Euro Fx/British PoundFXCM

Description

EURGBP is approaching its resistance at 0.8609 (100% Fibonacci extension, 76.4% Fibonacci retracement) where it is could reverse down to its support at 0.8539 (horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
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