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Forex: EUR/GBP Technical Analysis – 0.82 Figure Under Pressure

Forex: EUR/GBP Technical Analysis – 0.82 Figure Under Pressure

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing support at 0.8202 (61.8% Fib exp.)
  • A close below this barrier exposes 0.8168 (76.4% Fib exp.)
  • Near-term resistance is at 0.8230 (50% Fib exp., Jan 9 low)

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

dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – 0.82 Figure Under Pressure

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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