EURGBP right on major support, prepare for a bounce!

EURGBP is now testing major support at 0.8766 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a bullish bounce could occur at this level pushing price up to at least 0.8914 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (21,5,3) is seeing major support above 4.3% where a corresponding bounce could occur.

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Chart PatternsEUREURGBPeurgbp!eurgbpbullisheurgbplongeurgbpselleurgbpshorteurgbptrendGBPHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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