Forex: EUR/GBP Technical Analysis – Testing Support Sub-0.84 Mark

Ilya Spivak


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Talking Points


  • Prices moved sharply lower to test support at 0.8338 (38.2% Fib expansion)
  • A break downward exposes 0.8299 (50% Fib exp.)
  • Turning back above resistance at 0.8387 (23.6% Fib) targets 0.8465 (Dec 17 high)


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dailyclassics_eur-chf_body_Picture_10.png, Forex: EUR/GBP Technical Analysis – Testing Support Sub-0.84 Mark
dailyclassics_eur-chf_body_Picture_10.png, Forex: EUR/GBP Technical Analysis – Testing Support Sub-0.84 Mark

Daily Chart - Created Using FXCM Marketscope 2.0




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


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