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Forex: EUR/GBP Technical Analysis – Sellers Set Sights on 0.83

Ilya Spivak


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Talking Points


  • Prices broke support at 0.8354 (38.2% Fib exp.), exposing 0.8320 (50% Fib)
  • A further push downward targets the 0.8287-99 area (61.8% Fib., Nov 7 low)
  • Back above 0.8354 eyes 0.8384 (falling trend line from October)


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


dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Sellers Set Sights on 0.83

Daily Chart - Created Using FXCM Marketscope 2.0




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


Contact and follow Ilya on Twitter: @IlyaSpivak


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