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Forex: EUR/GBP Technical Analysis – Resistance Now Above 0.84

Forex: EUR/GBP Technical Analysis – Resistance Now Above 0.84

2013-12-12 09:49:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices are testing resistance at 0.8417 (50% Fib ret.); support is at 0.8378 (38.2% Fib)
  • A break below support targets 0.8329 (23.6% Fib retracement)
  • Closing above resistance aims for 0.8457 (61.8% Fib ret.)

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

dailyclassics_eur-chf_body_Picture_10.png, Forex: EUR/GBP Technical Analysis – Resistance Now Above 0.84

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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