Forex: EUR/GBP Technical Analysis – Topping Below 0.86 Mark?
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- A Rising Wedge chart pattern warns a reversal lower may be brewing ahead
- Breaking below 0.8550 (50% Fib) eyes the 0.8498-0.8507 area (Wedge bottom , 38.2% Fib)
- Pushing above the Wedge top (now at 0.8578) initially targets 0.8602 (61.8% Fib)
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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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