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EURGBP testing major resistance, potential reversal!

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Euro/Brittiska pund (FX:EURGBP)  
Tickmill Mäklare  
FX:EURGBP   Euro/Brittiska pund
Trend Analysis Harmonic Patterns Chart Patterns EURGBP EUR GBP eurgbpshort eurgbplong eurgbptrend eurgbpsell eurgbpbullish forexsignals
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trendanalysis harmonicpatterns chartpattern eurgbp eur gbp eurgbpshort eurgbplong eurgbptrend eurgbpsell eurgbpbullish forexsignals
EURGBP is now testing major resistance at 0.8911 (38.2% Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and a strong reaction could occur at this level to push price down to at least 0.8747 support (Fibonacci retracement, horizontal swing low support).

Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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