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Forex Analysis: EUR/GBP Classic Technical Report 01.09.2013

Forex Analysis: EUR/GBP Classic Technical Report 01.09.2013

Ilya Spivak, Head Strategist, APAC

Prices have mounted a recovery from rising trend line support (0.8105) to retest 0.8154. A break above this barrier targets a rising channel top at 0.8235. Alternatively, a reversal downward through the trend line aims for the channel’s lower boundary at 0.8033.

Forex_Analysis_EURGBP_Classic_Technical_Report_01.09.2013_body_Picture_5.png, Forex Analysis: EUR/GBP Classic Technical Report 01.09.2013

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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