Forex: EUR/GBP Technical Analysis – 0.84 Figure Breached Anew

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Talking Points

  • A bearish Dark Cloud Cover below the 0.85 figure hints at weakness ahead
  • Breaking support at 0.8354 (38.2% Fib exp.) exposes 0.8320 (50% Fib exp.)
  • Back above resistance at 0.8395 (23.6% Fib exp.) eyes 0.8463 (Nov 13 high)

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dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – 0.84 Figure Breached Anew

Daily Chart - Created Using FXCM Marketscope 2.0

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

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