Forex Analysis: EUR/GBP Classic Technical Report 01.16.2013
Prices pulled back to retest the 76.4% Fibonacci expansion at 0.8275. A break back below that aims for rising channel resistance-turned-support is at 0.8249, followed by the 0.8215-20 area. Interim resistance is at 0.8325, the January 14 high, followed 100% level at 0.8372.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.