Forex: EUR/GBP Technical Analysis – Support Below 0.84 Tested
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Talking Points
Prices declined as expected, completing a Rising Wedge chart formation
Sellers are testing support at 0.8387 (61.8% Fib); below that exposes 0.8340 (76.4% Fib)
Back above 0.8424 (50% expansion) aims for 0.8462 (38.2% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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