EUR/GBP approaching resistance, potential drop!

analytics5ce75ae3a58ad.jpg

Price is approaching our first resistance level.

Entry : 0.8858

Why it's good : 61.8% Fibonacci retracement, ascending channel's resistance

Stop Loss : 0.8911

Why it's good : 100% Fibonacci extension

Take Profit : 0.8773

Why it's good : 23.6% Fibonacci retracement, horizontal overlap support

analytics5ce75abd92e62.png

The material has been provided by InstaForex Company - www.instaforex.com