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16 Mar 2015
EUR/GBP reaches fresh daily highs
FXStreet (Córdoba) - EUR/GBP picked up momentum and pushed to fresh daily highs at the beginning of the New York session as the euro recovers ground across the board after hitting multi-year lows last week.
EUR/GBP has risen nearly half a cent during the last hours and climbed to a daily high of 0.7164, stalling a few pips ahead of Friday’s peak of 0.7171. At time of writing, the pair is trading at the 0.7150 zone, recording a 0.50% gain on the day.
EUR/GBP has managed to trim recent losses after bouncing from a 7-year low of 0.7013 struck last Wednesday.
EUR/GBP levels to watch
If EUR/GBP breaks decisively above 0.7170, next resistances are seen at 0.7200 (psychological level) and 0.7220 (Mar 9 high). On the other hand, supports could be found at 0.7095 (daily low) and 0.7039 (Mar 12 low) ahead of 0.7013 (2015 low Mar 11).
EUR/GBP has risen nearly half a cent during the last hours and climbed to a daily high of 0.7164, stalling a few pips ahead of Friday’s peak of 0.7171. At time of writing, the pair is trading at the 0.7150 zone, recording a 0.50% gain on the day.
EUR/GBP has managed to trim recent losses after bouncing from a 7-year low of 0.7013 struck last Wednesday.
EUR/GBP levels to watch
If EUR/GBP breaks decisively above 0.7170, next resistances are seen at 0.7200 (psychological level) and 0.7220 (Mar 9 high). On the other hand, supports could be found at 0.7095 (daily low) and 0.7039 (Mar 12 low) ahead of 0.7013 (2015 low Mar 11).