EURGBP is approaching our first support at 0.8861 (horizontal swing low support, long term ascending support line, 61.8%, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.8955 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : www.easymarkets.com/