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  • US yields continue to creep higher, forcing investors to de-risk across different asset classes $USD $DXY $XAU $XAG https://t.co/NNa4l6Fpql
  • Monday rounds out the biggest three-day tumble for $EURUSD since April 3rd. Further, the 200-day moving average is once again in view after 200-trading days above the long-term benchmark https://t.co/KAigLZ2EeE
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  • Bitcoin bears exert force, driving Bitcoin back below the 50k psychological level BTC/USD support showing around a Fibonacci level. Get your $btc market update from @Tams707 here:https://t.co/2Kf1ZV0PjC https://t.co/B3XO6V3QYD
  • Time to break out some ratios like commercial real estate property tickers (eg $SPG) relative to Amazon ($AMZN) or Carnival Cruise ($CCL) relative to Netflix ($NFLX)
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.07% 🇬🇧GBP: -0.11% 🇦🇺AUD: -0.42% 🇪🇺EUR: -0.54% 🇳🇿NZD: -0.59% 🇨🇭CHF: -0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/VvEMwfDftX
  • Rising yields (the aggregate yield I mentioned earlier is overlaid and inverted in red here) is dragging gold lower. The 60-day correlation (3 trading month) between $GC_F and yields is the strongest net negative since Oct 2019 https://t.co/Myo0FlsvJA
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.42% Silver: -0.47% Gold: -1.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fxdEWv4bfo
  • The Australian Dollar now risks a deeper March correction with the AUD/USD price reversal approaching multi-month uptrend support. Get your $AUDUSD market update from @MBForex here:https://t.co/jYfBrd5b22 https://t.co/tbU9BM3n3L
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.43%, while traders in Germany 30 are at opposite extremes with 80.92%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/W16EBX7wwK
EUR/GBP Technical Analysis 03.29.2013

EUR/GBP Technical Analysis 03.29.2013

Ilya Spivak, Head Strategist, APAC

EUR/GBP Technical Analysis - Prices continue to push lower after completing a bearish Rising Wedge chart formation. Sellers are now testing support at 0.8408, the 38.2% Fibonacci retracement, with a break below that exposing the 50% level at 0.8282. Near-term resistance is at 0.8563, the 23.6% Fib.

Forex_EURGBP_Technical_Analysis_03.29.2013_body_Picture_5.png, EUR/GBP Technical Analysis 03.29.2013

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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