5 Jan 2015
EUR/GBP holds above 0.7800
FXStreet (Córdoba) - EUR/GBP recovered strength during the European session amid a weak pound and rose back above 0.7820. The pair recently climbed to 0.7842 hitting the highest since Asian hours and approached daily highs that lie at 0.7848.
The euro is rising modestly on Monday and continues to recover from multi-year lows that reached on Friday at 0.7743. Since then it has risen a hundred pips.
EUR/GBP technical levels
To the upside, resistance level might lie at 0.7850/55 (Dec 26, 29 high) and above at 0.7875 and 0.7900. On the opposite direction support could be located at 0.7820 followed by 0.7795 and 0.7770.
The euro is rising modestly on Monday and continues to recover from multi-year lows that reached on Friday at 0.7743. Since then it has risen a hundred pips.
EUR/GBP technical levels
To the upside, resistance level might lie at 0.7850/55 (Dec 26, 29 high) and above at 0.7875 and 0.7900. On the opposite direction support could be located at 0.7820 followed by 0.7795 and 0.7770.