EUR/GBP Technical Analysis - Prices broke support at 0.8434, the 50% Fibonacci expansion, exposing the 61.8% level at 0.8386. A further push below that aims for the 76.4% Fib at 0.8327. Alternatively, a move back above 0.8434 targets the 38.2% expansion at 0.8481.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE