EUR/GBP Technical Analysis - Prices broke above resistance at 0.8687, the 38.2% Fibonacci expansion, exposing the 50% level at 0.8762. A further push above that aims for the 61.8% Fib at 0.8835. The 0.8687 level has been recast as near-term support, with a move back beneath that aiming for the 23.6% expansion at 0.8595.

Daily Chart - Created Using FXCM Marketscope 2.0

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

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