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EUR/GBP Technical Analysis: Familiar Trend Line Tested

Ilya Spivak

EUR/GBP Technical Analysis – Prices recoiled from range resistance at 0.8589, with sellers once again testing rising trend line support set from early May (now at 0.8492). A break beneath that eyes the range bottom at 0.8409. Alternatively, a move above resistance targets the April 17 high at 0.8636.

dailyclassics_eur-chf_body_Picture_8.png, EUR/GBP Technical Analysis: Familiar Trend Line Tested

Daily Chart - Created Using FXCM Marketscope 2.0

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

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