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EURGBP approaching resistance, potential drop!

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Euro / Libra Esterlina (FX:EURGBP)  
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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 reacted off our first resistance at 0.8782 (horizontal swing high resistance, 61.8% Fibonacci retracement) and price might potentially fall to our major support at 0.8713 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
RSI (34) is also approaching our resistance and a reaction off this level might be a good precursor for a further potential drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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