EURGBP back to major support, potential upcoming bounce

8 янв. 2018 г.

Price is back to major support at 0.8842 (Fibonacci retracement, horizontal overlap support) and a strong bounce could potentially occur at this level to push price up to at least 0.8972 resistance (Fibonacci extension, channel resistance, horizontal swing high resistance). Our next major leve of support is at 0.8786 (Fibonacci retracement, swing low support).

Stochastic (34,5,3) is seeing major support above 4.3% where a potential corresponding bounce could occur.

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