EUR/GBP Testing Support, Prepare For A Bounce

EUR/GBP is approaching its support at 0.8891 (100% & 61.8%% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 0.8950 (38.2% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 4.4% where a corresponding bounce is expected.

EUR/GBP is testing its support where we expect to see a bounce.

Buy above 0.8891. Stop loss at 0.8851. Take profit at 0.8950.


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