LimiFx

EURGBP DAILY OUTLOOK

Long
FOREXCOM:EURGBP   Euro / British Pound
Looking at the daily chart of EURGBP , Using the fib tool . There was a 78% fib bounce and currently the 61% fib level test and simultaneous buying area . On the other hand , looking at the downtrend theres selling pressure at the 38% and 23% retracement levels , so ill be watching there for a failiure of bullish pressure , but theres a strong buy sentiment for the long term due to the monthly level at 0.85000 which correlates across the chart .

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