30 Jul 2013
EUR/GBP reaches 2-week high
FXstreet.com (Córdoba) - The EUR/GBP extended gains to a fresh 2-week high during the American session as the British pound continues to underperform its major rivals.
EUR/GBP climbs above 0.8700
EUR/GBP managed to peep over the 0.8700 psychological level and hit its highest in nearly 2 weeks at 0.8705 before losing momentum and settling in a range. At time of writing, EUR/GBP is trading around 0.8695/0.8700, where it records a 0.6% gain on the day.
EUR/GBP technical levels
In terms of technical levels, if EUR/GBP manages to break above 0.8705, next resistances could be found at 0.8710 (Jul 17 high) and 0.8745 (Mar 13 high), while on the flip side, supports are seen at 0.8640 (daily low) and 0.8620 (Jul 29 low).
EUR/GBP climbs above 0.8700
EUR/GBP managed to peep over the 0.8700 psychological level and hit its highest in nearly 2 weeks at 0.8705 before losing momentum and settling in a range. At time of writing, EUR/GBP is trading around 0.8695/0.8700, where it records a 0.6% gain on the day.
EUR/GBP technical levels
In terms of technical levels, if EUR/GBP manages to break above 0.8705, next resistances could be found at 0.8710 (Jul 17 high) and 0.8745 (Mar 13 high), while on the flip side, supports are seen at 0.8640 (daily low) and 0.8620 (Jul 29 low).