EUR/GBP Technical Analysis – Prices broke back above support-turned-resistance at 0.8494, exposing the April 16 close at 0.8575. The 0.8494 mark has been recast as support once again, with a move back below that eyeing a confluence of trend lines 0.8450.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE