FX.co ★ EURGBP is approaching support, potential bounce!

Price is approaching our first support in line with our ascending trend line, 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level.

Trading Recommendation

Entry: 0.90397

Reason for Entry:

ascending trend line, 78.6% Fibonacci retracement and 100% fibonacci extension

Take Profit: 0.90678

Reason for Take Profit:

Horizontal swing high resistance

Stop Loss: 0.90301

Reason for Stop Loss:

Horizontal swing low support, 61.8% Fibonacci retracement