EURGBP Classic Technical Report 10.16.2012
Prices recovered from support at 0.8028, the 23.6% Fibonacci retracement, to rise toward resistance at 0.8095. A break above this boundary targets 0.8141. Alternatively, a drop below support exposes the 38.2% level at 0.7975.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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