EURGBP testing support, potential bounce!
Price is testing our first support at 0.8737 (horizontal overlap support, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 0.8828 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is seeing a bullish divergence and approaching support where a bounce off this level might be a good precursor for a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Stochastic (55,5,3) is seeing a bullish divergence and approaching support where a bounce off this level might be a good precursor for a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
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