Forex: EUR/GBP Technical Analysis – Euro Trying to Retake 0.84
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- 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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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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