EURGBP is seeing strong support at the 0.8517 area where there's horizontal overlap support, channel support and an Ichimoku cloud support. It is also lining up really nicely with a couple of Fibonacci retracements. Price could potentially bounce from here to make a nice push up towards 0.8531 area.
Trading Recommendation
Entry: 0.8517
Reason for Entry:
Ascending trend line / channel, Ichimoku bullish momentum, overlap support, Fibonacci confluence
Take Profit: 1756
Reason for Take Profit:
Recent swing high resistance
Stop Loss: 1.89148
Reason for Stop Loss:
50% Fibonacci retracement
