EURGBP approaching resistance, prepare for reversal!
EURGBP is approaching its resistance at 0.8792 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) where a reversal could occur, causing price to fall to its support at 0.8725 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 0.8758 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is making the same approach to its resistance at 98% where a reaction occur.
Stochastic (55, 5, 3) is making the same approach to its resistance at 98% where a reaction occur.
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