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Forex: EUR/GBP Technical Analysis – Selloff Set to Resume?

Ilya Spivak

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Talking Points

  • A bearish Dark Cloud Cover candles pattern hints at renewed weakness ahead
  • Initial support is at 0.8404 (April/May bottom); below that aims for 0.8353 (38.2% Fib)
  • Resistance is at 0.8480 (June bottom); above that exposes 0.8519 (August bottom)

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

dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Selloff Set to Resume?

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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