Forex: EUR/GBP Technical Analysis – Aiming Below 0.82 Figure

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Talking Points

  • Prices broke below 0.8235 (23.6% Fib exp.), exposing 0.8191 (38.2% Fib exp.)
  • A further push below that eyes 0.8167-56 (Jan 22 low, 50% Fib expansion)
  • Reversing above 0.8235 targets 0.8287 (falling trend line)

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dailyclassics_eur-chf_body_Picture_6.png, Forex: EUR/GBP Technical Analysis – Aiming Below 0.82 Figure

Daily Chart - Created Using FXCM Marketscope 2.0

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

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