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Forex: EUR/GBP Technical Analysis – Short Trade Still Active

Forex: EUR/GBP Technical Analysis – Short Trade Still Active

2013-10-01 11:52:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • We continue tohold short after prices broke support at 0.8358 (38.2% Fib)
  • Sellers now aim to challenge 0.8322 (50% Fib); below that targets 0.8287 (61.8% Fib)
  • Back above 0.8358 targets resistance at 0.8401 (23.6% Fib, falling channel top)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Short Trade Still Active

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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