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EURGBP bounced nicely off support, potential to rise further!

Oleh ICmarkets
Broker
EURGBP bounced nicely from its support at 0.8726 (76.4% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support) where price could potentially rise further to its resistance at 0.8795 (61.8% Fibonacci extension, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 0.8759 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) bounced nicely off its support at 3.5% where a corresponding rise could occur.
Bitcoin (Cryptocurrency)BTCUSDChart PatternsEUREURGBPeurgbplongForexforexsignalsGBPHarmonic PatternsshortTrend Analysis
ICmarkets
Broker
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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