EUR/GBP Technical Analysis 04.24.2013


EUR/GBP Technical Analysis - Prices broke support at 0.8545, the 23.6% Fibonacci expansion, exposing the 38.2% level at 0.8481. A further push below that aims for the 50% Fib at 0.8434. Alternatively, a move back above 0.8540 aims for rising trend line support-turned-resistance at 0.8562.

View photo

Forex_EURGBP_Technical_Analysis_04.24.2013_body_Picture_1.png, EUR/GBP Technical Analysis 04.24.2013

Daily Chart - Created Using FXCM Marketscope 2.0

Want to back-test your technical trading strategy? Download the historical data here.

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail 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)