Forex - Chart EUR/GBP Update: Descending triangle weighs; .8576 low at risk


 06:30 (GMT) 07 Nov

  [Forex Charts]

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Chart EUR/GBP Update: Descending triangle weighs; .8576 low at risk (0101-PQWN-C01)

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Asterisk denotes strength of level

06:30 GMT -Pressure stays on the downside and break of the .8600 level see a 3-wk descending triangle weighing. Break of the .8576 low will resume the sharp fall from the .9020 high of Oct for retest of the .8490/.8473, May/Mar lows. Upside see lift over the .8676/95 area needed to ease downside pressure and set up stronger bounce.


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