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Forex: EUR/GBP Technical Analysis – Channel Bottom in Focus

Forex: EUR/GBP Technical Analysis – Channel Bottom in Focus

2013-09-16 12:37:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are testing falling channel support (0.8368); a break lower eyeing 0.8324 (123.6% Fib)
  • Reversal above 0.8387 (100% Fib) targets the 76.4% level (0.8449)
  • We continue to hold a short position, targeting a second objective at 0.8282

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dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Channel Bottom in Focus

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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