18 May 2015
EUR/GBP drops to 0.7230
FXStreet (Córdoba) - EUR/GBP weakened and broke to the downside hitting a fresh daily low at 0.7230. The euro failed to hold to gains and retreated.
The pair is falling for the first time after rising during the previous four trading days. Currently trades at 0.7240, down 35 pips from Friday’s closing price. Earlier, during the Asian session rose to test last week highs but lost strength above 0.7280.
EUR/GBP levels to watch
On the upside, immediate resistance could be located at 0.7255, 0.7280/85 (May 15, 18 high) and 0.7315. To the downside, support levels might lie at 0.7230 (daily low), 0.7200 and 0.7185.
The pair is falling for the first time after rising during the previous four trading days. Currently trades at 0.7240, down 35 pips from Friday’s closing price. Earlier, during the Asian session rose to test last week highs but lost strength above 0.7280.
EUR/GBP levels to watch
On the upside, immediate resistance could be located at 0.7255, 0.7280/85 (May 15, 18 high) and 0.7315. To the downside, support levels might lie at 0.7230 (daily low), 0.7200 and 0.7185.