7 Apr 2014
EUR/GBP steady below 0.8300
FXStreet (Córdoba) - The EUR/GBP is rising 0.04% on the day at 0.8273, having previously posted a daily high at 0.8288 and a low at 0.8260. The distance between the extremes of the day was 28 pips, showing a slow start of the week.
The pair continues to move sideways, consolidating after falling late in March from 0.8390 to 0.8245. During March the decline found support around the 0.8250 level that continues to be an important level to consider.
To the upside, the Euro approached several times to 0.8300 but failed to break and then bounced back toward at 0.8270. Price is headed toward the eighth daily close between 0.8260 and 0.8295.
The pair continues to move sideways, consolidating after falling late in March from 0.8390 to 0.8245. During March the decline found support around the 0.8250 level that continues to be an important level to consider.
To the upside, the Euro approached several times to 0.8300 but failed to break and then bounced back toward at 0.8270. Price is headed toward the eighth daily close between 0.8260 and 0.8295.