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Forex: EUR/GBP Technical Analysis – Euro Trying to Retake 0.84

By , Currency Strategist
20 November 2013 07:09 GMT

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Talking Points

  • Prices are probing above 0.8395 (23.6% Fib exp.) to test 0.8408 (trend line)
  • A break higher on a daily closing basis initially targets 0.8463 (Nov 13 high)
  • Turning below support at 0.8354 (38.2% Fib) exposes 0.8320 (50% Fib)

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dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Euro Trying to Retake 0.84

Daily 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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20 November 2013 07:09 GMT