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EUR/GBP Technical Analysis – Prices are testing support at 0.8590, the 38.2% Fibonacci retracement, with a break below that targeting the 50% mark at 0.8553. Initial resistance is at 0.8636, the 23.6% Fib, with a reversal above that eyeing the July 17 high at0.8710.

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dailyclassics_eur-chf_body_Picture_8.png, EUR/GBP Technical Analysis: Selloff Flirts with Interim FloorDaily Chart - Created Using FXCM Marketscope 2.0

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

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