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Forex: EUR/GBP Technical Analysis – Channel Top Retested

Forex: EUR/GBP Technical Analysis – Channel Top Retested

2013-12-04 13:01:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices are testing resistance in the 0.8323-30 area (channel top, 23.6% Fib ret.)
  • A break higher initially targets 0.8379 (38.2% Fib retracement)
  • Near-term support is at 0.8303, the December 2 low

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Channel Top Retested

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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