EURGBP facing bearish pressure | 19 Mar 2021

EURGBP facing bearish pressure | 19 Mar 2021 for FX:EURGBP by FXCM

EURGBP facing bearish pressure | 19 Mar 2021



EURGBP is facing bearish pressure from 1st resistance which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement . Prices might push towards 1st support which coincides with -27.2% Fibonacci retracement and 127.2% Fibonacci extension . If prices break through 1st resistance, prices might push up towards 2nd resistance which coincides with 78.6% Fibonacci retracement and 78.6% Fibonacci extension . Ichimoku cloud is also above prices, showing a further bearish pressure for prices.

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