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EUR/GBP Technical Analysis 04.26.2013

Ilya Spivak

EUR/GBP Technical Analysis - Prices broke support at 0.8434, the 50% Fibonacci expansion, exposing the 61.8% level at 0.8386. A further push below that aims for the 76.4% Fib at 0.8327. Alternatively, a move back above 0.8434 targets the 38.2% expansion at 0.8481.

Forex_EURGBP_Technical_Analysis_04.26.2013_body_Picture_5.png, EUR/GBP Technical Analysis 04.26.2013

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

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