EUR/GBP Approaching Resistance, Prepare For Reversal

EUR/GBP is approaching its resistance at 0.9071 (100% Fibonacci extension, 61.8% Fibonacci retexpected.racement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.8992 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

EUR/GBP is approaching its resistance where we expect to see a reversal.

Sell below 0.9071. Stop loss at 0.9102. Take profit at 0.8992.

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