EUR/GBP Technical Analysis – Prices are testing below rising trend line support set from early May (0.8489), with a break downward exposing the recent range bottom at 0.8409. Near-term resistance is at 0.8575. A reversal above that eyes swing highs in the 0.8598-0.8636 area.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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