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Forex: EUR/GBP Technical Analysis – Bulls Reclaim 0.84 Mark

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Talking Points

  • Prices launched a spirited recovery from support at 0.8332, the October 1 low

  • A break above resistance at 0.8442 (50% Fib ret.) exposes 0.8475 (61.8% Fib)

  • Reversing back below 0.8442 aims for 0.8408 (38.2% Fib retracement)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Bulls Reclaim 0.84 Mark
dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Bulls Reclaim 0.84 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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