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Forex: EUR/GBP Technical Analysis – Euro Back at Monthly Low

Forex: EUR/GBP Technical Analysis – Euro Back at Monthly Low

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices recoiled from resistance at 0.8409, a recently broken horizontal pivot level
  • Near-term support is at 0.8336, the bottom of a channel set from the August high
  • A turn above resistance eyes 0.8453 (23.6% Fib). We continue tohold short

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

dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Euro Back at Monthly Low

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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