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  • Major option expiries - $EURUSD 1.1050-55 (820mln), 1.1145-55 (1.1bln) - $AUDUSD 0.66 (1.1bln), 0.6650 (665mln), 0.6700 (1.45bln)
  • 🇭🇺 GDP Growth Rate YoY Final Actual: 2.2% Expected: 2.2% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-05-29
  • 🇭🇺 GDP Growth Rate QoQ Final Actual: -0.4% Expected: -0.4% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: US 500: -0.05% Wall Street: -0.10% France 40: -1.02% FTSE 100: -1.02% Germany 30: -1.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/2TWth8TZkP
  • 🇫🇷 Inflation Rate YoY Prel Actual: 0.2% Expected: 0.3% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇨🇭 KOF Leading Indicators due at 07:00 GMT (15min) Expected: 70 Previous: 63.5 https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇭🇺 GDP Growth Rate YoY Final due at 07:00 GMT (15min) Expected: 2.2% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇭🇺 GDP Growth Rate QoQ Final due at 07:00 GMT (15min) Expected: -0.4% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇫🇷 Inflation Rate YoY Prel due at 06:45 GMT (15min) Expected: 0.3% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-05-29
  • 🇩🇪 Retail Sales YoY Actual: -6.5% Expected: -14.3% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2020-05-29
Forex Analysis: EUR/GBP Classic Technical Report 12.06.2012

Forex Analysis: EUR/GBP Classic Technical Report 12.06.2012

2012-12-06 12:05:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices pulled back to retest resistance-turned-support at 0.8117, the 38.2% Fibonacci retracement. A drop back below that eyes the 23.6% expansion at 0.8057. Near-term resistance is at 0.8166, the 50% level. This is reinforced by a rising channel top set from early November (0.8174). A break above that exposes the 61.8% Fib at 0.8215.

Forex_Analysis_EURGBP_Classic_Technical_Report_12.06.2012_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 12.06.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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