Forex: EUR/GBP Technical Analysis – Bulls Aim to Challenge 0.85

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Talking Points

  • Prices rose as expected after showing a Morning Star candle pattern, positive RSI divergence
  • Near-term resistance is in the 0.8475-98 area (June bottom, 38.2% Fib retracement)
  • Break higher targets 0.8550 (50% Fib); support is now at 0.8408 (April / May bottom)

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dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Bulls Aim to Challenge 0.85

Daily Chart - Created Using FXCM Marketscope 2.0

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

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