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EUR/GBP Technical Analysis 02.20.2013

Ilya Spivak

EUR/GBP Technical Analysis - Prices are testing above resistance at 0.8687, the 38.2% Fibonacci expansion, to challenge the 50% mark at 0.8687. A push beyond that exposes the 61.8% Fib at 0.8836. Near-term support is at 0.8595, the 23.6% expansion.

Forex_EURGBP_Technical_Analysis_02.20.2013_body_Picture_5.png, EUR/GBP Technical Analysis 02.20.2013

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

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