Forex: EUR/GBP Technical Analysis – Bullish Reversal Under Way?
To receive Ilya's analysis directly via email, please SIGN UP HERE
- A Bullish Engulfing candle pattern hints at a double bottom forming above 0.8300
- Resistance is at 0.8366 (23.6% Fib ret.); a close above that eyes 0.8408 (38.2% Fib ret.)
- Below support at 0.8299-0.8314 (Nov7 low, 61.8% Fib exp) eyes 0.8251 (76.4% Fib exp.)
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? START HERE
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.