british-pound

EUR/GBP Technical Analysis ? Channel Resistance at Risk …

Talking Points:

EUR/GBP Technical Strategy: Flat

Support: 0.8056-60 (100% Fib exp., channel floor)

Resistance:0.8104 (76.4% Fib exp.), 0.8121 (channel top), 0.8133 (61.8% Fib exp.)

The Euro has found support at the bottom of a falling channel support set from late April and is attempting to mound a recovery against the British Pound. The first layer of resistance is at 0.8104, the 76.4% Fibonacci expansion. […]