Home / Cryptocurrency Daily Price Analysis / “EURGBP approaching support, watch for breakout! ” by trader easyMarkets — published May 16, 2018 — TradingView

“EURGBP approaching support, watch for breakout! ” by trader easyMarkets — published May 16, 2018 — TradingView

EURGBP             is approaching our first make stronger at zero.8719 (Horizontal swing low make stronger, 76.four% Fibonacci retracement , 100% Fibonacci extension ). A breakout underneath this stage may cause a powerful response pushing worth all the way down to our main make stronger at zero.8681 (horizontal swing low make stronger). Ichimoku cloud could also be appearing indicators of bearish power, in keeping with our bearish bias.
RSI (89) could also be trying out its make stronger and a breakout underneath this stage may see a corresponding drop in worth.
Trading CFDs on margin carries top chance.
Losses can exceed the preliminary funding so please be sure you totally perceive the dangers.

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