FX.co ★ Daily Video Analysis: EURGBP approaching resistance, potential reversal!

Today we take a look at EURGBP. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is approaching resistance at Sell Entry, which is also in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. We could see a reversal and further downside towards Take Profit levels, in line with horizontal swing low support levels. Stochastics is also approaching resistance where price has reversed from before, indicating potential bearish pressure.