Forex: EUR/GBP Technical Analysis – Wedge Hints at Recovery
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- A Falling Wedge chart pattern hints a turn higher may be brewing ahead
- Pushing above 0.8295 (Wedge top) targets 0.8316 (23.6% Fib ret.)
- Below 0.8251-55 (Dec 3 low, 38.2% Fib exp.) exposes 0.8232 (50% 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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