14 Apr 2014
EUR/GBP trims intraday losses
FXStreet (Córdoba) - The EUR/GBP managed to trim losses incurred during the Asian session on the back of fell as Draghi's comments.
The EUR/GBP fell to a low of 0.8263 as the euro weakened after ECB President said over the weekend that the strengthening of the euro would require further monetary policy accommodation. However, the EUR/GBP found buyers and bounced to the 0.8275 zone during the European session, supported by positive Eurozone industrial production data. At time of writing, the EUR/GBP is trading at the 0.8270 zone, still 0.29% below Friday's close.
EUR/GBP levels to watch
In terms of technical levels, next resistances are seen at 0.8300 (psychological level), 0.8309/13 (Apr 12 high/Apr 3 high) and 0.8320 (Mar 27 high). On the flip side, supports could be found at 0.8263 (Apr 14 low), 0.8240 (Apr 10 low) and 0.8230 (Apr 9 low) ahead of 0.8200 (psychological level).
The EUR/GBP fell to a low of 0.8263 as the euro weakened after ECB President said over the weekend that the strengthening of the euro would require further monetary policy accommodation. However, the EUR/GBP found buyers and bounced to the 0.8275 zone during the European session, supported by positive Eurozone industrial production data. At time of writing, the EUR/GBP is trading at the 0.8270 zone, still 0.29% below Friday's close.
EUR/GBP levels to watch
In terms of technical levels, next resistances are seen at 0.8300 (psychological level), 0.8309/13 (Apr 12 high/Apr 3 high) and 0.8320 (Mar 27 high). On the flip side, supports could be found at 0.8263 (Apr 14 low), 0.8240 (Apr 10 low) and 0.8230 (Apr 9 low) ahead of 0.8200 (psychological level).