EUR/GBP Technical Analysis – Prices are testing support at 0.8545, the 23.6% Fibonacci expansion, with a break below that targeting the 38.2% mark at 0.8481. Near-term resistance is at 0.8582, with a reversal above that initially aiming for the April 17 high at 0.8636.
Daily Chart – Created Using FXCM Marketscope 2.0
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— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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