Forex: EUR/GBP Technical Analysis – Channel Bottom in Focus
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- Prices are testing falling channel support (0.8368); a break lower eyeing 0.8324 (123.6% Fib)
- Reversal above 0.8387 (100% Fib) targets the 76.4% level (0.8449)
- We continue to hold a short position, targeting a second objective at 0.8282
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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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