EUR/GBP Technical Analysis: Support Cluster Challenged

Ilya Spivak


EUR/GBP Technical Analysis – Prices recoiled from familiar range resistance at 0.8584, dropping to trend line support set from late April. This juncture is reinforced by a horizontal shelf at 0.8475, with a break beyond that targeting the range bottom at 0.8409.


dailyclassics_eur-chf_body_Picture_8.png, EUR/GBP Technical Analysis: Support Cluster Challenged
dailyclassics_eur-chf_body_Picture_8.png, EUR/GBP Technical Analysis: Support Cluster Challenged

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com


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