Forex: EUR/GBP Technical Analysis – Key Inflection Point Near 0.84
To receive Ilya's analysis directly via email, please SIGN UP HERE
- We continue tohold short as prices continue to flirt with support in the 0.8397-0.8409 area
- A daily close below 0.8397 initially targets 0.8352 (Sep 18 low)
- Resistance is at 0.8450 (23.6% Fib); a break above that eyes 0.8511 (38.2% Fib)
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
Contact and follow Ilya on Twitter: @IlyaSpivak
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.