Forex: EUR/GBP Technical Analysis – October Bottom Challenged
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- Prices declined as expected, completing a Rising Wedge chart formation
- Breaking support in the 0.8332-40 area (76.4% Fib, Oct 1 low) eyes 0.8265 (100% Fib)
- Resistance is at 0.8387 (61.8% Fib); a reversal above that targets 0.8425 (50% 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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