EUR/GBP Technical Analysis 03.06.2013

DailyFX

EUR/GBP Technical Analysis - Prices are testing support at 0.8595, the 23.6% Fibonacci expansion. A break lower exposes the 14.6% Fib at 0.8538 and the February 8 swing low at 0.8446. Near-term resistance is at 0.8687, the 38.2% level, with a push above that aiming for the 50% expansion at 0.8762.

View photo

.
Forex_EURGBP_Technical_Analysis_03.06.2013_body_Picture_5.png, EUR/GBP Technical Analysis 03.06.2013

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

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)