EURGBP facing bearish pressure | 18th June 2021

EURGBP facing bearish pressure | 18th June 2021 for FX:EURGBP by FXCM

EURGBP facing bearish pressure | 18th June 2021



EURGBP is facing bearish pressure as it holds below the Ichimoku cloud resistance and Buy Entry area, which is an area of Fibonacci confluence with 38.2% Fibonacci retracement , 61.8% Fibonacci extension , and horizontal pullback resistance level . We could see further downside below this level towards Take Profit, in line with 78.6% Fibonacci extension and horizontal swing low support.

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