EURGBP Tested Major Resistance, Potential For A Drop!
EURGBP tested its major resistance at 0.8787 (61.8% Fibonacci retracement, 61.8% Fibonacci retracement, 100% Fibonacci extension, descending resistance line) where price could fall to its support at 0.8699 (horizontal swing low support). We do have to be cautious of the intermediate support at 0.8724 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) tested its resistance at 98% where a corresponding drop could occur.
Stochastic (55, 5, 3) tested its resistance at 98% where a corresponding drop could occur.
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