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EUR/GBP Technical Analysis 03.12.2013

Ilya Spivak

EUR/GBP Technical Analysis - Prices broke above resistance at 0.8687, the 38.2% Fibonacci expansion, exposing the 50% level at 0.8762. A further push above that aims for the 61.8% Fib at 0.8835. The 0.8687 level has been recast as near-term support, with a move back beneath that aiming for the 23.6% expansion at 0.8595.

Forex_EURGBP_Technical_Analysis_03.12.2013_body_Picture_5.png, EUR/GBP Technical Analysis 03.12.2013

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

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