Forex: EUR/GBP Technical Analysis – Short Trade in Play
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- Bullish Morning Star candle pattern above support at 0.8387 (100% Fib) hints at upswing
- Near-term resistance at 0.8449 (76.4% Fib); break higher aims for the 61.8% Fib at 0.8488
- Bounce from here is likely to be corrective and we will continue to hold a short position
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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