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EUR/GBP Technical Analysis
- We remain short as a Dark Cloud Cover pattern marks the return of selling pressure, as expected
- Key rising trend line support is seen at 0.8535, followed by the 50% Fib expansion at 0.8518
- A reversal back above 0.8549 (38.2% Fib) targets the 0.8583-88 area (horizontal pivot, 23.6% Fib)
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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