EURGBP has bounced off major support, potential rally!

EURGBP has bounced off major support at 0.8689 (Fibonacci extension, multiple horizontal swing low support) and it has also broke out of a recent descending resistance line signalling that we could be seeing more bullish momentum. Price could rise up to our next major resistance at 0.8847 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).

Stochastic (89,5,3) is bouncing nicely off our major support at 3.8% and has good upside potential for our rise.

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