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.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Finance Trading
- Utility Industry
- Technical Analysis