Forex: EUR/GBP Technical Analysis – Double Bottom Playing Out
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- Prices rose as expected, completing a Falling Wedge and a Morning Star candle pattern
- Near-term resistance is now at 0.8319 (38.2% Fib); above that targets 0.8347 (50% Fib)
- Back below 0.8285 (23.6% Fib) targets 0.8270 (Wedge top resistance-turned-support)
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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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