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Forex pairs in this Article » EUR/GBP
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Talking Points

  • A bullish Morning Star pattern and positive RSI divergence hint at a bounce ahead
  • Initial resistance is at 0.8409 (April/May double bottom, falling channel top)
  • Break higher eyes 0.8475, support at 0.8332 (Oct 1 low); we continue tohold short
Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Rebound Hinted AheadDaily 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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