Forex: EUR/GBP Technical Analysis – Short Trade Still in Play

Ilya Spivak
0

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

Talking Points

  • We remain shortafter a Dark Cloud Cover pattern markeddownward resumption as expected

  • A break below 0.8487 (61.8% Fib) has exposed the 0.8448 (76.4% Fib) as the next objective

  • Reversal back above 0.8487on a daily closing basis targets 0.8518 (50% Fib expansion)

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

dailyclassics_eur-chf_body_Picture_2.png, Forex: EUR/GBP Technical Analysis – Short Trade Still in Play
dailyclassics_eur-chf_body_Picture_2.png, Forex: EUR/GBP Technical Analysis – Short Trade Still in Play

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

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.

Advertisement

Recommended Stories