FX.co - EUR/GBP reversed off resistance, big drop upcoming!

2019-06-03T02:39:03

Long-term review

Price reversed off our first resistance level where we might see a further drop

Entry : 0.8856

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 reversed off resistance, big drop upcoming!

*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 reversed off resistance, big drop upcoming!