Thursday, October 15, 2026

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EUR/GBP shorts target long-term fibo at 0.7256

Cross's bounce was short lived on Friday Prices have eased back below 0.7400 7 year lows at 0.7340 from Friday ready to return under pressure Continue to target the long-term 61.8% fibo by 0.7256 (of 0.5681 - 0.9805) Sup…

By Meredith J C Warren
1 min read
EUR/GBP shorts target long-term fibo at 0.7256
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  • Cross's bounce was short lived on Friday

  • Prices have eased back below 0.7400

  • 7 year lows at 0.7340 from Friday ready to return under pressure

  • Continue to target the long-term 61.8% fibo by 0.7256 (of 0.5681 - 0.9805)

  • Support ahead are 0.7321 2008 lows

 

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By FxWirePro Team