GBPEUR Approaching Resistance, Prepare For A Reversal

GBPEUR is approaching its resistance at 1.1722 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.1572 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support).

Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.

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