EURGBP Reversed Off Resistance, Potential Drop
EURGBP has reversed off its resistance at 0.8930 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 0.8763 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) has reversed off its resistance at 96.8% where a corresponding drop could occur.
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IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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