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Forex: EUR/GBP Technical Analysis – Short Trade Held for Now

Forex: EUR/GBP Technical Analysis – Short Trade Held for Now

2013-09-26 11:45:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • We continue tohold short as prices flirt with support in the 0.8397-0.8409 area
  • A daily close below 0.8397 initially targets 0.8352 (Sep 18 low)
  • Resistance is at 0.8450 (23.6% Fib); a break above that eyes 0.8511 (38.2% Fib)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-chf_1_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Short Trade Held for Now

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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