Forex: EUR/GBP Technical Analysis – Channel Top Holds Up
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- Prices moved to test resistance at 0.8314 (falling channel top from mid-Nov)
- A break higher initially targets 0.8330 and 0.8379 (23.6% and 38.2% Fibs, respectively)
- Near-term support is at 0.8303 (Dec 2 low), followed by 0.8222 (channel bottom)
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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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