EURGBP approaching support, potential bounce!

2018年5月8日

EURGBP is approaching our first support at 0.8766 (horizontal swing low support, 50%, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 0.8833 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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