STO Technical - EUR/GBP tests Fibonacci level

Thursday, 23/02/2017 | 11:03 GMT

Disclaimer

EUR/GBP bounced off the 50% retracement of the post-Brexit referendum slide during yesterday’s session. The pair is trending lower, but this level is likely to provide further support, followed by the December lows around 0.8300

XAU/USD is consolidating inside the price action of two weeks ago and could be poised for a break higher. Look for resistance at $1255, the 50% retracement of the 2016 sell off, support at the January highs around $1220.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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