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Forex: EUR/GBP Technical Analysis – Resistance at 0.8450 Tested

Ilya Spivak


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Talking Points


  • Prices test above support-turned-resistance at 0.8409, exposing 0.8450 (23.6% Fib)
  • A break above that exposes 0.8511 (38.2% Fib); 0.8409 is now support
  • We continue tohold short, looking to the bounce as an opportunity to add to the trade


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


dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Resistance at 0.8450 Tested

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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