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Forex Analysis: EUR/GBP Classic Technical Report 01.10.2013

Forex Analysis: EUR/GBP Classic Technical Report 01.10.2013

2013-01-10 10:39:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices have mounted a recovery from rising trend line support (now at 0.8108) to retest a horizontal barrier at 0.8154. A break above this level targets a rising channel top at 0.8238. Alternatively, a reversal lower through the trend line targets the channel’s lower boundary at 0.8034.

Forex_Analysis_EURGBP_Classic_Technical_Report_01.10.2013_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 01.10.2013

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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