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Forex: EUR/GBP Technical Analysis – Trying to Retake 0.82 Mark

Forex: EUR/GBP Technical Analysis – Trying to Retake 0.82 Mark

2014-01-23 12:23:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are retesting above support-turned resistance at 0.8202 (61.8% Fib exp.)
  • A break higher initially exposes 0.8230 (Jan 9 swing low, 50% Fib exp.)
  • Reversing below 0.8168 (76.4% Fib exp.) targets 0.8112 (100% Fib exp.)

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

dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Trying to Retake 0.82 Mark

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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