Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

DailyFX Home / Technical Analysis / Daily Classical

Forex: EUR/GBP Technical Analysis – Wedge Hints at Recovery

By , Currency Strategist
09 January 2014 05:26 GMT

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • A Falling Wedge chart pattern hints a turn higher may be brewing ahead
  • Pushing above 0.8295 (Wedge top) targets 0.8316 (23.6% Fib ret.)
  • Below 0.8251-55 (Dec 3 low, 38.2% Fib exp.) exposes 0.8232 (50% Fib exp.)

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

dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Wedge Hints at Recovery

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

For live market updates, visit the Real Time News Feed

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

09 January 2014 05:26 GMT