Forex Analysis: EUR/GBP Classic Technical Report 12.12.2012
Prices edged back above support-turned-resistance at 0.8066, the 23.6% Fibonacci retracement, exposing the 14.6% level at 0.8103. A push above that targets the underside of a trend line set from late July, now at 0.8158. Alternatively, a reversal back lower aims for the 38.2% Fib at 0.8006.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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