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EURGBP approaching support, watch for breakout!

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Euro / Libra Esterlina (FX:EURGBP)  
easyMarkets Corretora  
FX:EURGBP   Euro / Libra Esterlina
Trend Analysis Harmonic Patterns Chart Patterns EURGBP EUR GBP eurgbplong eurgbpshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern eurgbp eur gbp eurgbplong eurgbpshort forex forextrading forexsignals
EURGBP is approaching our first support at 0.8719 (Horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension). A breakout below this level might trigger a strong reaction pushing price down to our major support at 0.8681 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish bias.
RSI (89) is also testing its support and a breakout below this level might see a corresponding drop in price.
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