EUR/GBP Technical Analysis 02.25.2013

DailyFX

EUR/GBP Technical Analysis - Prices are testing resistance at 0.8762, the 50% Fibonacci expansion, with a break higher exposing the 61.8% level at 0.8836. Near-term support is at 0.8687, the 38.2% Fib, with a move beneath that eyeing the 23.6% expansion at 0.8594.

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Forex_EURGBP_Technical_Analysis_02.25.2013_body_Picture_5.png, EUR/GBP Technical Analysis 02.25.2013

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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