EURGBP Bounced Nicely Off Support, Potential To Rise!
EURGBP bounced nicely off its support at 0.8900(76.4% & 61.8% & 38.2% Fibonacci retracement, horizontal swing low support, ascending channel support) where it could potentially bounce to its resistance at 0.90 (61.8% Fibonacci extension, 76.4%% Fibonacci retracement).
Stochastic (55, 5, 3) is bounced off near its support at 5.1% where a corresponding rise could occur. We have also identified a bullish divergence with price that contributes to our bullish bias.
Stochastic (55, 5, 3) is bounced off near its support at 5.1% where a corresponding rise could occur. We have also identified a bullish divergence with price that contributes to our bullish bias.
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