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EUR/GBP Technical Analysis: Prices Flirt with 0.85 Mark

Ilya Spivak

EUR/GBP Technical Analysis – Prices are retesting support-turned-resistance at 0.8494, with a break higher on a daily closing basis eyeing the April 16 close at 0.8575. Alternatively, renewed selling pressure eyes a confluence of trend lien support at 0.8450.

dailyclassics_eur-chf_body_Picture_8.png, EUR/GBP Technical Analysis: Prices Flirt with 0.85 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

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

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