EUR/GBP Technical Analysis: Resistance Holds Below 0.86
EUR/GBP Technical Analysis – Prices recoiled from familiar range resistance at 0.8584, dropping to trend line support set from late April. This juncture is reinforced by a horizontal shelf at 0.8475, with a break beyond that targeting the range bottom at 0.8409.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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