Forex: EUR/GBP Technical Analysis – Attempting to Break Upward
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- 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.)
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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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