Forex: EUR/GBP Technical Analysis – Testing Back Below 0.84

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Talking Points

  • Prices are testing below support at 0.8395 (23.6% Fib expansion)
  • A break lower targets 0.8354 (38.2% Fib exp.)
  • Near-term resistance is at 0.8463, the November 13 high

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dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Testing Back Below 0.84

Daily Chart - Created Using FXCM Marketscope 2.0

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

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