Forex: EUR/GBP Technical Analysis – Next Resistance at 0.8550
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- Prices broke above resistance 0.8498 (38.2% Fib), exposing 0.8550 (50% Fib)
- A further push beyond that targets 0.8602 (61.8% Fib retracement)
- Near-term support is at 0.8435 (23.6% Fib); below that eyes 0.8399 (channel top)
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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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