Forex: EUR/GBP Technical Analysis – Rebound Hinted Ahead


To receive Ilya's analysis directly via email, please SIGN UP HERE

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

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

View photo

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? Watch this Video

For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)