Forex: EUR/GBP Technical Analysis – Bears Push Below 0.85 Mark
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- We remain shortafter a Dark Cloud Cover pattern marked the return of selling pressure, as expected
- Sellers are now testing support at 0.8487 (61.8% Fib), with a break below exposing 0.8448 (76.4% Fib)
- A reversal back above 0.8518 (50% Fib) targets trend line support-turned-resistance at 0.8538
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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