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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/GBP approaching resistance, potential drop!

analytics5ce6048280de0.jpg

Price is approaching our first resistance level.

Entry : 0.8858

Why it's good : 61.8% Fibonacci retracement, channel's resistance

Stop Loss : 0.8956

Why it's good : horizontal overlap resistance, 78.6% Fibonacci retracement

Take Profit : 0.8773

Why it's good :23.6% Fibonacci retracement, horizontal overlap support

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The material has been provided by InstaForex Company - www.instaforex.com