EUR/GBP Technical Analysis – Prices recoiled from range resistance at 0.8589, with sellers once again targeting rising trend line support set from early May (now at 0.8489). A break beneath that eyes the range bottom at 0.8409. Alternatively, a move above resistance targets the April 17 high at 0.8636.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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