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Forex pairs in this Article » EUR/GBP, EUR/GBP
EUR/GBP Technical Analysis - Prices broke above resistance at 0.8595, the 23.6% Fibonacci expansion. Buyers now target the 38.2% level at 0.8687, with a push above that aiming for the 50% mark at 0.8687. The 0.8595 mark has been recast as support, with a reversal back below that aiming for the February 8 lowat 0.8446.

Forex_EURGBP_Technical_Analysis_02.14.2013_body_Picture_5.png, EUR/GBP Technical Analysis 02.14.2013 Daily Chart - Created Using FXCM Marketscope 2.0

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

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