Forex Analysis: EUR/GBP Classic Technical Report 01.16.2013


Prices pulled back to retest the 76.4% Fibonacci expansion at 0.8275. A break back below that aims for rising channel resistance-turned-support is at 0.8249, followed by the 0.8215-20 area. Interim resistance is at 0.8325, the January 14 high, followed 100% level at 0.8372.

View photo

Forex_Analysis_EURGBP_Classic_Technical_Report_01.16.2013_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 01.16.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- 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)