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Forex Analysis: EUR/GBP Classic Technical Report 12.28.2012

Forex Analysis: EUR/GBP Classic Technical Report 12.28.2012

Ilya Spivak, Head Strategist, APAC

Prices edged above resistance at 0.8215, the 61.8% Fibonacci expansion, exposing the 76.4% level at 0.8275. The 0.8215 mark has been recast as near-term support, with a reversal back below that aiming for the 50% Fibat 0.8166.

Forex_Analysis_EURGBP_Classic_Technical_Report_12.28.2012_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 12.28.2012

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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