EUR/GBP Technical Analysis - Prices broke above resistance at 0.8687, the 38.2% Fibonacci expansion, exposing the 50% level at 0.8762. A further push above that aims for the 61.8% Fib at 0.8835. The 0.8687 level has been recast as near-term support, with a move back beneath that aiming for the 23.6% expansion at 0.8595.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Investment & Company Information