EURGBP is approaching our first resistance at 0.9042 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.8946 (horizontal swing low support, 23.6% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsEUREURGBPeurgbplongeurgbpshortForexforexsignalsforextradingGBPHarmonic PatternsTrend Analysis

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