EURGBP approaching support, watch for bounce!

27 เม.ย. 2018

EURGBP is approaching our first support at 0.8687 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 0.8749 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is approaching our major support where a bounce off this level might be a good precursor for a potential rise in price.
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