Forex: EUR/GBP Technical Analysis – Rebound Hinted Ahead
To receive Ilya's analysis directly via email, please SIGN UP HERE
- A bullish Morning Star pattern and positive RSI divergence hint at a bounce ahead
- Initial resistance is at 0.8409 (April/May double bottom, falling channel top)
- Break higher eyes 0.8475, support at 0.8332 (Oct 1 low); we continue tohold short
Confirm your chart-based trade setups with the Technical Analyzer.
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? 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.