Forex: EUR/GBP Technical Analysis – Support Found Below 0.85
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- Prices declined as expected, completing a Rising Wedge chart formation
- Sellers are testing support at 0.8462 (38.2% Fib); below that exposes 0.8424 (50% Fib)
- Back above 0.8509 (23.6% expansion) aims the Wedge bottom (now at 0.8531)
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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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