Forex: EUR/GBP Technical Analysis – Sellers Ready to Take Over?
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- Prices put in a Bearish Engulfing candlestick pattern, hinting at a move lower ahead
- Initial support is at 0.8316 (23.6% Fib exp.); below that targets 0.8267 (38.2% Fib)
- Near-term resistance is at 0.8395, the December 9 swing high
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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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