FX.co - EUR/GBP approaching resistance, potential drop!

2019-05-29T02:59:03

Long-term review

EURGBP approaching resistance, potential drop!

Description :

Price is approaching our first resistance level.

Entry : 0.8852

Why it's good : Horizontal swing high resistance, 61.8% Fibonacci retracement

Stop Loss : 0.8907

Why it's good : 100% Fibonacci extension

Take Profit : 0.8773

Why it's good : 23.6% Fibonacci retracement, horizontal overlap support

EUR/GBP approaching resistance, potential drop!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ EUR/GBP approaching resistance, potential drop!