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Forex: EUR/GBP Technical Analysis – Upside Push Lacks Fuel

Forex: EUR/GBP Technical Analysis – Upside Push Lacks Fuel

2013-10-21 12:10:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices broke falling channel resistance to expose 0.8498 (38.2% Fib)
  • Piercing resistance exposes 0.8550 (50% Fibonacci retracement)
  • Near-term support is in the0.8417-35 (23.6% Fib)

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

dailyclassics_eur-chf_body_Picture_10.png, Forex: EUR/GBP Technical Analysis – Upside Push Lacks Fuel

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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