Forex: EUR/GBP Technical Analysis – Sellers Set Sights on 0.83

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Talking Points

  • Prices broke support at 0.8354 (38.2% Fib exp.), exposing 0.8320 (50% Fib)
  • A further push downward targets the 0.8287-99 area (61.8% Fib., Nov 7 low)
  • Back above 0.8354 eyes 0.8384 (falling trend line from October)

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dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Sellers Set Sights on 0.83

Daily Chart - Created Using FXCM Marketscope 2.0

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

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