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Forex: EUR/GBP Technical Analysis – Support Holding at 0.84

Ilya Spivak


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Talking Points


  • We continue tohold short as prices flirt with support in the 0.8397-0.8409 area
  • A daily close below 0.8397 initially targets 0.8352 (Sep 18 low)
  • Resistance is at 0.8450 (23.6% Fib); a break above that eyes 0.8511 (38.2% Fib)


Confirm your chart-based trade setups with the Technical Analyzer.


dailyclassics_eur-chf_1_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Support Holding at 0.84

Daily Chart - Created Using FXCM Marketscope 2.0




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


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