EUR/GBP Approaching Resistance, Prepare For Reversal
EUR/GBP is approaching its resistance at 0.8854 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.8790 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is nearing its resistance at 96% 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