Forex: EUR/GBP Technical Analysis – Familiar Range Still in Play
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- Prices continue to consolidate above support at 0.8338 (38.2% Fib expansion)
- A break downward initially exposes 0.8299 (50% Fib exp.)
- Turning back above resistance at 0.8387 (23.6% Fib) targets 0.8465 (Dec 17 high)
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
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