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Forex: EUR/GBP Technical Analysis – Resistance Now Above 0.83

Forex: EUR/GBP Technical Analysis – Resistance Now Above 0.83

2014-01-27 07:30:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices rose as expected after showing a Bullish Engulfing candle pattern
  • Pushing above 0.8317 (50% Fib ret.) targets 0.8352 (61.8% Fib ret.)
  • Below 0.8281 (38.2% Fib ret.) aims for 0.8238 (23.6% Fib ret.)

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

dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Resistance Now Above 0.83

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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