FX.co ★ EURGBP bearish at channel resistance

0.8540 is a major resistance level (Fibonacci retracement + channel resistance + horizontal resistance) which we intend to sell off from to play the drop to 0.8440 at least.

Stochastics is approaching a major 87% resistance level.

Trading Recommendations:

Sell below 0.8540.

Stop Loss at 0.8590.

Take profit at 0.8440.