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EUR/GBP Technical Analysis 04.10.2013

Ilya Spivak

EUR/GBP Technical Analysis - Prices broke resistance at 0.8500, the 23.6% Fibonacci retracement, exposing the 38.2% level at 0.8556. A further push above that eyes the 50% mark at 0.8601. The 0.8500 figure has been recast as near-term support. A reversal beneath that targets the April 1 low at 0.8410.

Forex_EURGBP_Technical_Analysis_04.10.2013_body_Picture_5.png, EUR/GBP Technical Analysis 04.10.2013

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

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