Forex: EUR/GBP Technical Analysis – Profit Booked on Short Trade
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices rallied as expected after showing a Morning Star pattern, positive RSI divergence
- A break of resistance is at 0.8409 (April/May bottom, channel top) has exposed 0.8475
- We’ve booked profits on our short position and will look to re-enter at a later date
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.