We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • New Zealand: PM Ardern announces limit for social gatherings will increase to 100 people effective May 29 and will consider moving to Alert Level 1 no later than June 22.
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.13% 🇬🇧GBP: 0.11% 🇳🇿NZD: 0.02% 🇯🇵JPY: -0.08% 🇨🇭CHF: -0.08% 🇪🇺EUR: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/keYyC5HU2W
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.70% France 40: 0.59% US 500: 0.48% Wall Street: 0.47% FTSE 100: 0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/xOwZKCllxo
  • The British Pound has depreciated against all of its major counterparts so far in May, and the weakness may persist as GBP/USD takes out the April low (1.2164). Get your $GBPUSD technical analysis from @DavidJSong here: https://t.co/y1EYdCA1W3 https://t.co/2ZNDE4Gucx
  • Japan: Finance Minister Aso says that jobless rate is expected to go up a little in May while speaking in parliament and states that the bottom hasn't fallen out of the economy. - BBG
  • LIVE NOW: In this session, Currency Analyst @ZabelinDimitri will analyze the cross-asset impact of geopolitical risks affecting markets in the week ahead. https://www.dailyfx.com/webinars/146770987
  • Wall Street Futures Update: S&P 500: +0.32% Dow Jones: +0.35% NASDAQ 100: +0.38% (delayed) - BBG
  • LIVE IN 30 MIN: : In this session, Currency Analyst @ZabelinDimitri will analyze the cross-asset impact of geopolitical risks affecting markets in the week ahead. https://www.dailyfx.com/webinars/146770987
  • Join @ZabelinDimitri 's #webinar at 11:30 PM ET/3:30 AM GMT to find out how geopolitical risk will affect the markets in the week ahead. Register here: https://t.co/hsULxMNOtM https://t.co/9PL0a6oCMD
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.20% Gold: -0.32% Silver: -0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gMZdyMsJMi
Forex: EUR/GBP Technical Analysis – Holding Short from 0.8533

Forex: EUR/GBP Technical Analysis – Holding Short from 0.8533

2013-08-30 09:31:00
Ilya Spivak, Head Strategist, APAC
Share:

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

EUR/GBP Technical Analysis

  • We remain short as a Dark Cloud Cover pattern marks the return of selling pressure, as expected
  • Key rising trend line support is seen at 0.8535, followed by the 50% Fib expansion at 0.8518
  • A reversal back above 0.8549 (38.2% Fib) targets the 0.8583-88 area (horizontal pivot, 23.6% Fib)

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

dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Holding Short from 0.8533

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.