Forex: EUR/GBP Technical Analysis – Bulls Aim to Challenge 0.85
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- Prices rose as expected after showing a Morning Star candle pattern, positive RSI divergence
- Near-term resistance is in the 0.8475-98 area (June bottom, 38.2% Fib retracement)
- Break higher targets 0.8550 (50% Fib); support is now at 0.8408 (April / May bottom)
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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