Forex: EUR/GBP Technical Analysis – Selloff Set to Resume?
To receive Ilya's analysis directly via email, please SIGN UP HERE
- A bearish Dark Cloud Cover candles pattern hints at renewed weakness ahead
- Initial support is at 0.8404 (April/May bottom); below that aims for 0.8353 (38.2% Fib)
- Resistance is at 0.8480 (June bottom); above that exposes 0.8519 (August 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
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.