EUR/GBP Approaching Resistance, Prepare For Reversal
The EUR/GBP pair is approaching its resistance at 0.8765 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.8724 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated. EUR/GBP is approaching its resistance where we expect to see a reversal.
Sell below 0.8... Read More...
Jeff Wecker
