EUR/GBP Technical Analysis 04.18.2013

DailyFX

EUR/GBP Technical Analysis - Prices are testing support at 0.8545, a barrier marked by the 23.6% Fibonacci expansion and the bottom of a firing channel set from the April 1 low. A break below this barrier targets the 38.2% Fib at 0.8490. Channel top resistance is at 0.8615, with a push above that eyeing the April 17 high at 0.8636.

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Forex_EURGBP_Technical_Analysis_04.18.2013_body_Picture_5.png, EUR/GBP Technical Analysis 04.18.2013

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

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