Forex: EUR/GBP Technical Analysis – Targeting Above 0.85 Figure

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Talking Points

  • Prices broke resistance at 0.8457 (61.8% Fib ret.), exposing 0.8505 (76.4% Fib ret.)
  • A further push above that targets 0.8584 (October 29 swing high)
  • Reversing back below 0.8417 aims for 0.8378 (38.2% Fib)

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dailyclassics_eur-chf_body_Picture_9.png, Forex: EUR/GBP Technical Analysis – Targeting Above 0.85 Figure

Daily Chart - Created Using FXCM Marketscope 2.0

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

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