EUR/GBP Technical Analysis: Support Met Above 0.86

DailyFX

EUR/GBP Technical Analysis – Prices reversed lower to test support at 0.8626, the 38.2% Fibonacci retracement, a barrier reinforced by a rising trend line set from late June. A break below that targets the intersection of the 50% level and a familiar multi-month range top at 0.8583. Near-term resistance is at 0.8681, the 23.6% Fib.

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dailyclassics_eur-chf_body_Picture_8.png, EUR/GBP Technical Analysis: Support Met Above 0.86

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

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