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EUR/GBP Technical Analysis 03.14.2013

Ilya Spivak

EUR/GBP Technical Analysis - Prices are testing below support at 0.8687, the 38.2% Fibonacci expansion, to challenge the bottom of a Rising Wedge chart formation at 0.8647. A break below that exposes the 23.6% level at 0.8595. Near-term resistance is at 0.8761, the 50% level.

Forex_EURGBP_Technical_Analysis_03.14.2013_body_Picture_5.png, EUR/GBP Technical Analysis 03.14.2013

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

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