Forex Analysis: EUR/GBP Classic Technical Report 01.15.2013

DailyFX

Prices broke above resistance at 0.8275, the 76.4% Fibonacci expansion, exposing the 100% level at 0.8372. The 0.8275 level has now been recast as support, with a reversal back below that aiming for rising channel resistance-turned-support is at 0.8248.

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Forex_Analysis_EURGBP_Classic_Technical_Report_01.15.2013_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 01.15.2013

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

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