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Forex Analysis: EUR/GBP Classic Technical Report 01.14.2013

Ilya Spivak

Prices are testing above resistance at 0.8275, the 76.4% Fibonacci expansion, with a confirmed break higher on a daily closing basis exposing the 100% level at 0.8372. Near-term rising channel resistance-turned-support is at 0.8246, with a turn below that aiming for the 0.8215-20 region.

Forex_Analysis_EURGBP_Classic_Technical_Report_01.14.2013_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 01.14.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

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