EURGBP approaching resistance, potential drop!
EURGBP is approaching our first resistance at 0.8782 (horizonal swing high resistance, 61.8% Fibonacci retracement) which coincides with our ascending pullback resistance line where price might potentially react off and drop to our support at 0.8713 (Horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
RSI (34) is also reacting off its resistance where we might see a potential drop in price.
RSI (34) is also reacting off its resistance where we might see a potential drop in price.
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