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Forex: EUR/GBP Technical Analysis – Support Seen at 0.8448

Forex: EUR/GBP Technical Analysis – Support Seen at 0.8448

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • We remain shortafter a Dark Cloud Cover pattern markeddownward resumption, as expected
  • Sellers are now testing 0.8448 (76.4% Fib), with a break under that targeting 0.8386 (100% Fib)
  • Reversal back above 0.8487 (61.8% Fib) targets 0.8518 (50% Fib expansion)

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

dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Support Seen at 0.8448

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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