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

2019-06-07T02:20:18

Long-term review

Price is approaching our first resistance where we might see a drop below this level.

Entry : 0.8900

Why it's good : Horizontal swing high resistance, 100% Fibonacci extension

Stop Loss : 0.8930

Why it's good : horizontal pullback resistance

Take Profit : 0.8805

Why it's good : 23.6% Fibonacci retracement, Horizontal swing low 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!