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Forex: EUR/GBP Technical Analysis – Euro Hits One-Month High

Forex: EUR/GBP Technical Analysis – Euro Hits One-Month High

2013-12-16 09:37:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices broke resistance at 0.8417 (50% Fib ret.), exposing 0.8457 (61.8% Fib ret.)
  • A further push above that targets 0.8505 (76.4% Fib)
  • Reversing back below 0.8417 aims for 0.8378 (38.2% Fib)

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

dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Euro Hits One-Month High

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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