EURGBP Approaching Resistance, Potential Reversal
EURGBP is approaching its resistance at 0.8857 (100% Fibonacci extension , 38.2% & 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse down to its support at 0.8758 (76.4% Fibonacci retracement , horizontal swing low support). Stochastic (21, 5, 3) is approaching its resistance at 89% where a corresponding reversal could occur and there may be a bearish divergence with price.
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