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EURGBP approaching channel resistance, keep an eye out on this!

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Euro / Paun British (FX:EURGBP)  
Tickmill Broker  
FX:EURGBP   Euro / Paun British
Trend Analysis Harmonic Patterns Chart Patterns EURGBP EUR GBP eurgbpshort eurgbplong eurgbptrend eurgbpsell Forex forexsignals
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trendanalysis harmonicpatterns chartpattern eurgbp eur gbp eurgbpshort eurgbplong eurgbptrend eurgbpsell forex forexsignals
EURGBP is approaching major channel resistance at 0.8972 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, channel resistance) and a strong reaction could occur at this level to push price down to at least 0.8842 support (Fibonacci retracement, horizontal overlap support). Our next major level of resistance is at 0.9027 (major swing high resistance).

Stochastic (34,5,3) is seeing major resistance below 98% and a corresponding reaction could occur at this level.

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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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