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EUR/GBP Technical Analysis 04.23.2013

EUR/GBP Technical Analysis 04.23.2013

2013-04-23 10:45:00
Ilya Spivak, Head Strategist, APAC
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EUR/GBP Technical Analysis - Prices are testing support at 0.8545, the 23.6% Fibonacci expansion, with a break below that targeting the 38.2% mark at 0.8481. Near-term resistance is at 0.8582, with a reversal above that initially aiming for the April 17 high at 0.8636.

Forex_EURGBP_Technical_Analysis_04.23.2013_body_Picture_5.png, EUR/GBP Technical Analysis 04.23.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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--- 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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