16 Feb 2015
EUR/GBP hits fresh daily highs above 0.7400
FXStreet (Córdoba) - EUR/GBP broke above 0.7410/15 and climbed to 0.7426 reaching a fresh daily high. It was trading at 0.7420, up 0.30% for the day. The euro has been able to erase losses after starting the week below 0.7390.
EUR/GBP levels to watch
Price approached Friday’s highs that lie at 0.7430/35, above here the next resistance might lie at last week highs located at 0.7460, followed by 0.7485. To the downside, support might be seen at 0.7415, 0.7400 and 0.7380.
Lowest weekly close in years
Last week the euro finished modestly lower against the pound after falling on Thursday and Friday. The weekly close slightly under 0.7400 was the lowest since December 2007.
EUR/GBP levels to watch
Price approached Friday’s highs that lie at 0.7430/35, above here the next resistance might lie at last week highs located at 0.7460, followed by 0.7485. To the downside, support might be seen at 0.7415, 0.7400 and 0.7380.
Lowest weekly close in years
Last week the euro finished modestly lower against the pound after falling on Thursday and Friday. The weekly close slightly under 0.7400 was the lowest since December 2007.