Forex: EUR/GBP Technical Analysis – Holding Short from 0.8533
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EUR/GBP Technical Analysis
- We remain short as a Dark Cloud Cover pattern marks the return of selling pressure, as expected
- Key rising trend line support is seen at 0.8535, followed by the 50% Fib expansion at 0.8518
- A reversal back above 0.8549 (38.2% Fib) targets the 0.8583-88 area (horizontal pivot, 23.6% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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