Forex: EUR/GBP Technical Analysis – Bulls Retake Momentum
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- Prices broke the top of a falling channel set from mid-Nov to expose 0.8379 (38.2% Fib)
- A further push upward beyond that targets 0.8418 (50% Fib retracement)
- Reversing below 0.8330 (23.6% Fib) eyes 0.8304 (falling channel top)
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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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