Forex: EUR/GBP Technical Analysis – Topping Below 0.86 Figure?
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- A Shooting Star candle below Rising Wedge resistance hints a move lower is ahead
- Support is at 0.8482 (Wedge bottom); a break lower initially targets 0.8451 (23.6% Fib)
- Resistance is in the 0.8554-62 area (Oct 24 high, Wedge top)
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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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