Forex: EUR/GBP Technical Analysis – Rally Stalls Above 0.84 Level
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- Prices are testing resistance at 0.8417 (50% Fib ret.); support is at 0.8378 (38.2% Fib)
- A break below support targets 0.8329 (23.6% Fib retracement)
- Closing above resistance aims for 0.8457 (61.8% Fib ret.)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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