EUR/GBP Technical Analysis - Prices are testing support at 0.8595, the 23.6% Fibonacci expansion. This barrier is reinforced by a rising trend line set from early January. A break lower exposes the 14.6% Fib at 0.8538 and the February 8 swing low at 0.8446. Near-term resistance is at 0.8687, the 38.2% level.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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