Forex: EUR/GBP Technical Analysis – Bounce Sought to Add to Short

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Talking Points

  • We continue tohold short as prices test above support-turned-resistance at 0.8409
  • Positive RSI divergence hints at bounce; break higher initially exposes 0.8453 (23.6% Fib)
  • A recovery from here will be seen as an opportunity to add to the short trade

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dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Bounce Sought to Add to Short

Daily Chart - Created Using FXCM Marketscope 2.0

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

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