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EURGBP Classic Technical Report 09.06.2012

EURGBP Classic Technical Report 09.06.2012

2012-09-06 07:27:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices are turning lower from resistance in the 0.7950-85 area, with sellers aiming to retest a falling trend line set from the late-February top (0.7857). A break below that targets swing lows at 0.7812 and 0.7751. Alternatively, a close above 0.7985 initially exposes 0.8124.

EURGBP_Classic_Technical_Report_09.06.2012_body_Picture_5.png, EURGBP Classic Technical Report 09.06.2012

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

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