EURGBP a long opportunity ðĶ
EURGBP has recently made a new high and retraced back to the 0.786 Fibonacci level, indicating a potential support level. After bouncing off this level, the price is now heading towards a retest of the 0.89000 level. If the price breaks above this level, it could signal a bullish continuation, and traders may consider a long order based on Plancton's strategy rules.
However, it's important to note that there could be potential resistance levels at the 0.89300 and 0.89800 levels, so traders should monitor the price action and use proper risk management techniques when entering a long position.
In summary, based on the retracement to the 0.786 Fibonacci level and potential break of the 0.89000 level, traders may consider a long order on EURGBP according to Plancton's strategy rules.
However, it's important to note that there could be potential resistance levels at the 0.89300 and 0.89800 levels, so traders should monitor the price action and use proper risk management techniques when entering a long position.
In summary, based on the retracement to the 0.786 Fibonacci level and potential break of the 0.89000 level, traders may consider a long order on EURGBP according to Plancton's strategy rules.