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Forex: EUR/GBP Technical Analysis – Euro Trying to Retake 0.84

Ilya Spivak


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Talking Points


  • Prices are probing above 0.8395 (23.6% Fib exp.) to test 0.8408 (trend line)
  • A break higher on a daily closing basis initially targets 0.8463 (Nov 13 high)
  • Turning below support at 0.8354 (38.2% Fib) exposes 0.8320 (50% Fib)


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dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Euro Trying to Retake 0.84

Daily Chart - Created Using FXCM Marketscope 2.0




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


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