EURGBP Knock! Knock! Who’s There ? Mr Fibonacci

May 11, 2016

Image: youtube.com

With some Key Economic Data scheduled for both the UK and EU over the coming days it brings EURGBP into play.

It will be interesting to observe price action around the 38.2% Fibonacci level around 0.78650. The few times price has come into this zone recently , the support zone has held with bullish pin bars.

A break either way offers excellent risk reward , so when opportunity knocks be alert.

EUR/GBP 1 Hour:

11mayeurgbp

Click on chart to see a larger view.

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Arthur Drakopoulos – @VantageFX

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