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FX.co ★ Daily Video Analysis: EURGBP seeing strong channel support, potential for a bounce

Daily Video Analysis: EURGBP seeing strong channel support, potential for a bounce

EURGBP is seeing strong support at the 0.8517 area where there's horizontal overlap support, channel support and an Ichimoku cloud support. It is also lining up really nicely with a couple of Fibonacci retracements.

Price could potentially bounce from here to make a nice push up towards 0.8531 area.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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