EURGBP Classic Technical Report 10.02.2012
Prices broke back above the 38.2% Fibonacci retracement at 0.7975 after finding support at 0.7950, a barrier reinforced by a rising trend line set from late July. Buyers now aim to challenge the 23.6% Fib at 0.8028, with a break above that targeting 0.8114. Alternatively, a push below trend line support exposes the 61.8% level at 0.7889.
Daily Chart - Created Using FXCM Marketscope 2.0
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