FlowState

EURGBP Approaching Resistance, Prepare For A Reversal

Short
FX:EURGBP   Euro / British Pound
Price is approaching its 1st resistance (100% Fibonacci extension , horizontal swing high resistance) where it is expected to reverse down to its support (horizontal overlap support,38.2% Fibonacci retracement ).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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