EURGBP approaching resistance, potential drop

4 ก.พ. 2019

EURGBP is approaching our first resistance at 0.8857 (horizontal swing high resistance, 50% Fibonacci retracemen, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8716 (horizontal overlap support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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