EUR/GBP: Pressuring critical support at the 0.8815 Fibonacci ret
Consolidation is giving way to a fresh test lower, whilst intraday studies track lower, with prices currently retesting critical support at the 0.8815 Fibonacci retracement.
Daily readings are mixed, suggesting further consolidation around here, but a break will confirm continuation of September 2020 losses towards the 0.8750 retracement. Meanwhile, resistance remains up to 0.8900.
An unexpected close above here will turn sentiment Positive, and signal a more sustainable rally towards 0.8950.
Daily readings are mixed, suggesting further consolidation around here, but a break will confirm continuation of September 2020 losses towards the 0.8750 retracement. Meanwhile, resistance remains up to 0.8900.
An unexpected close above here will turn sentiment Positive, and signal a more sustainable rally towards 0.8950.
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