EUR/GBP Technical Analysis 03.14.2013
EUR/GBP Technical Analysis - Prices are testing below support at 0.8687, the 38.2% Fibonacci expansion, to challenge the bottom of a Rising Wedge chart formation at 0.8647. A break below that exposes the 23.6% level at 0.8595. Near-term resistance is at 0.8761, the 50% level.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. 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.