Forex: EUR/GBP Technical Analysis – Resistance at 0.8450 Tested

DailyFX

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

Talking Points

  • Prices test above support-turned-resistance at 0.8409, exposing 0.8450 (23.6% Fib)
  • A break above that exposes 0.8511 (38.2% Fib); 0.8409 is now support
  • We continue tohold short, looking to the bounce as an opportunity to add to the trade

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

View photo

.
dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Resistance at 0.8450 Tested

Daily Chart - Created Using FXCM Marketscope 2.0

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

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)