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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 67.50%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/KuDL7vTltw
EUR/GBP Technical Analysis 02.26.2013

EUR/GBP Technical Analysis 02.26.2013

Ilya Spivak, Head Strategist, APAC

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.

Forex_EURGBP_Technical_Analysis_02.26.2013_body_Picture_5.png, EUR/GBP Technical Analysis 02.26.2013

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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