Forex: EUR/GBP Technical Analysis – Readying a Reversal?
To receive Ilya's analysis directly via email, please SIGN UP HERE
- A Shooting Star candle below Rising Wedge resistance hints at a possible turn lower
- Support is at 0.8488 (Wedge bottom); a breakdown initially targets 0.8451 (23.6% Fib)
- Resistance is in the 0.8554-66 area (Oct 24 high, Wedge top)
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.