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Forex Analysis: EUR/GBP Classic Technical Report 01.29.2013

Ilya Spivak

Prices are testing resistance at 0.8573, the 61.8% Fibonacci retracement. A break above that targets the 76.4% level at 0.8768. Near-term support is at 0.8416, the 50% Fib, with a drop below that eyeing rising channel resistance-turned-support at 0.8350.

Forex_Analysis_EURGBP_Classic_Technical_Report_01.29.2013_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 01.29.2013

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

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