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EUR/GBP Technical Analysis: Familiar Range Top Challenged

Ilya Spivak

EUR/GBP Technical Analysis – Prices broke back above support-turned-resistance at 0.8494, exposing the April 16 close at 0.8575. The 0.8494 mark has been recast as support once again, with a move back below that eyeing a confluence of trend lines 0.8450.

dailyclassics_eur-chf_body_Picture_12.png, EUR/GBP Technical Analysis: Familiar Range Top Challenged

Daily Chart - Created Using FXCM Marketscope 2.0

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

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