1 May 2014
EUR/GBP falls toward 0.8200
FXStreet (Córdoba) - After peaking at 0.8227 the EUR/GBP lost momentum, erased gains and fell toward 0.8200. Price bottomed at 0.8203 and then bounced to slightly to the upside, currently trades at 0.8207, 0.12% down for the day.
EUR/GBP once again eyeing 0.8200
During yesterday’s session the pair tested once again levels below 0.8200 but it was rejected and rebounded. But the recovery was short lived and price is back again near the mentioned level. Last week the EUR/GBP traded momentarily below but the Pound failed to push it clearly to the downside.
Below 0.8200, trader’s attention would turn to 0.8155/60 where 2014 lows lie. To the upside, the immediate key resistance lies between 0.8245/55.
EUR/GBP once again eyeing 0.8200
During yesterday’s session the pair tested once again levels below 0.8200 but it was rejected and rebounded. But the recovery was short lived and price is back again near the mentioned level. Last week the EUR/GBP traded momentarily below but the Pound failed to push it clearly to the downside.
Below 0.8200, trader’s attention would turn to 0.8155/60 where 2014 lows lie. To the upside, the immediate key resistance lies between 0.8245/55.