Forex: EUR/GBP Technical Analysis – Short Trade Still in Play
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- We remain shortafter a Dark Cloud Cover pattern markeddownward resumption as expected
- A break below 0.8487 (61.8% Fib) has exposed the 0.8448 (76.4% Fib) as the next objective
- Reversal back above 0.8487on a daily closing basis targets 0.8518 (50% Fib expansion)
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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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