EUR/GBP Technical Analysis - Prices are now testing support at 0.8408, the 38.2% Fibonacci retracement. A bounce sees the first layer of major resistance at 0.8563, the 23.6% level. Alternatively, a push downward through support exposes the 50% Fib at 0.8282.

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

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