EUR/GBP holding the 65% Fibo zone

EUR/GBP holding the 65% Fibo zone

EUR/GBP consolidates the price action above the Fibonacci zone of 65%, which is currently being held due that it’s proven to be a strong nut to crack across the board. If the pair manages to rebound at the current stage, the bullish bias will follow up in order to break above January 12th highs and to reach the next take profit zone around the -23.6% level at 0.8955.

RSI indicator remains in the oversold conditions, favoring to the rebound.

EURGBPH1.png

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