U.S. Markets closed

Forex: EUR/GBP Technical Analysis – Double Bottom Taking Shape?

Ilya Spivak


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


Talking Points


  • A bullish Piercing Line candlestick pattern hints a rebound may be ahead
  • Breaking above 0.8316 (23.6% Fib ret.) targets 0.8345 (38.2% Fib ret.)
  • Near-term support is at 0.8269 (January 2 low)


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


dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Double Bottom Taking Shape?

Daily Chart - Created Using FXCM Marketscope 2.0




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


Contact and follow Ilya on Twitter: @IlyaSpivak


New to FX? START HERE


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.