Forex Analysis: EUR/GBP Classic Technical Report 11.22.2012


Prices are consolidating below resistance at the 23.6% Fibonacci retracement at 0.8066. A break above that targets the underside of a previously broken rising trend line set from late July (0.8083) and the 14.6% level at 0.8103. Alternatively, a push below support at 0.8006, the 38.2% retracement, exposes the 0.7950-57 area.

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Forex_Analysis_EURGBP_Classic_Technical_Report_11.22.2012_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 11.22.2012

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