Forex: EUR/GBP Technical Analysis – Rebound Hinted Ahead

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Talking Points

  • A bullish Morning Star pattern and positive RSI divergence hint at a bounce ahead
  • Initial resistance is at 0.8409 (April/May double bottom, falling channel top)
  • Break higher eyes 0.8475, support at 0.8332 (Oct 1 low); we continue tohold short

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dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Rebound Hinted Ahead

Daily Chart - Created Using FXCM Marketscope 2.0

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

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