EURGBP is approaching resistance at 0.8854 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.8734 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.