EURGBP testing resistance, potential drop!
EURGBP is testing our resistance at 0.8951 (horizontal swing high resistance, 76.4% fibonacci retracement , bearish divergence) and a strong reaction could occur at this level to push price down towards 0.8911 support ( Fibonacci retracement , horizontal pullback support). This level needs to be broken to open a further drop towards 0.8842 support ( Fibonacci retracement , horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. We can also see bearish divergence vs price which is a good precursor of a potential drop.
RSI (34) has also made a bearish exit as a first sign that a reversal is fast approaching.
Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. We can also see bearish divergence vs price which is a good precursor of a potential drop.
RSI (34) has also made a bearish exit as a first sign that a reversal is fast approaching.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.