U.S. Markets open in 32 mins.

Forex Analysis: EUR/GBP Classic Technical Report 01.10.2013

Ilya Spivak

Prices have mounted a recovery from rising trend line support (now at 0.8108) to retest a horizontal barrier at 0.8154. A break above this level targets a rising channel top at 0.8238. Alternatively, a reversal lower through the trend line targets the channel’s lower boundary at 0.8034.

Forex_Analysis_EURGBP_Classic_Technical_Report_01.10.2013_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 01.10.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

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.