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FX.co ★ EUR/GBP Approaching Support, Prepare For A Bounce

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Forex Analysis:::2018-12-13T03:39:24

EUR/GBP Approaching Support, Prepare For A Bounce

EUR/GBP is approaching its support at 0.8941 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.9073 (horizontal swing high resistance).

Stochastic (55, 5, 3) is approaching its support at 3.8% where a corresponding bounce could occur.

EUR/GBP is approaching its support where we expect to see a bounce.

Buy above 0.8941. Stop loss at 0.8866. Take profit at 0.9073.

EUR/GBP Approaching Support, Prepare For A Bounce

Analyst InstaForex
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