Forex: EUR/GBP Technical Analysis – Wedge Hints at Reversal
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- A Rising Wedge chart pattern warns a reversal lower may be brewing ahead
- Breaking support at 0.8498 (38.2% Fib, Wedge bottom) exposes 0.8435 (23.6% Fib)
- Pushing above the Wedge top (now at 0.8572) initially targets 0.8602 (61.8% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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