News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Breaking news

British Pound sinks as EU Brexit negotiator Barnier says there may not be an EU/UK deal

EUR/GBP Technical Analysis 05.13.2013

EUR/GBP Technical Analysis 05.13.2013

2013-05-13 10:34:00
Ilya Spivak, Head Strategist, APAC
Share:

EUR/GBP Technical Analysis - Prices appear to be carving out a Triangle chart formation, which may be broadly indicative of bullish continuation (although confirmation is required on a break above the setup’s upper boundary). Near-term resistance is at 0.8503, the 14.6% Fibonacci expansion, with a break above that initially targeting the 23.6% level at 0.8569. Triangle support is now at 0.8390.

Forex_EURGBP_Technical_Analysis_05.10.2013_body_Picture_5.png, EUR/GBP Technical Analysis 05.13.2013

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

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES