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Forex: EUR/GBP Technical Analysis – Resistance Now Below 0.83

Forex: EUR/GBP Technical Analysis – Resistance Now Below 0.83

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing support at 0.8235 (23.6% Fib exp.)
  • A break lower on a daily closing basis exposes 0.8191 (38.2% Fib exp.)
  • Near-term resistance is at 0.8296 (falling trend line)

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

dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Resistance Now Below 0.83

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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