EUR/GBP Technical Analysis: Range Top Holds Sub-0.86
EUR/GBP Technical Analysis – Prices are recoiling from range resistance at 0.8589, with sellers once again targeting rising trend line support set from early May (now at ). A break beneath that eyes the range bottom at 0.8409. Alternatively, a move above resistance targets the April 17 high at 0.8636.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.