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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!

analytics5cf9c9c9a33ae.jpg

Price is approaching our first resistance where we might see a drop below this level.

Entry : 0.8900

Why it's good : Horizontal swing high resistance, 100% Fibonacci extension

Stop Loss : 0.8930

Why it's good : horizontal pullback resistance

Take Profit : 0.8805

Why it's good : 23.6% Fibonacci retracement, Horizontal swing low support

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