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16 Dec 2013
EUR/GBP rises toward 1-month high
FXstreet.com (Córdoba) - The EUR/GBP bounced off lows and erased intraday losses as the shared currency got a boost from better-than-expected Eurozone PMIs.
The EUR/GBP climbed to a high of 0.8439 but stalled a few pips shy of its 1-month high scored during the Asian session at 0.8442. At time of writing, the cross is trading at the 0.8435 zone, 0.2% above its opening price, ahead of the Eurozone trade balance figures.
EUR/GBP technical levels
In terms of technical levels, if the EUR/GBP breaks decisively above 0.8442, next resistances could be found at 0.8460/63 (100-day SMA/Nov 13 high) and 0.8475 (Nov 4 high). On the other hand, supports are seen at 0.8413 (daily low) and 0.8400 (psychological level) followed by 0.8390 (Dec 12 low).
The EUR/GBP climbed to a high of 0.8439 but stalled a few pips shy of its 1-month high scored during the Asian session at 0.8442. At time of writing, the cross is trading at the 0.8435 zone, 0.2% above its opening price, ahead of the Eurozone trade balance figures.
EUR/GBP technical levels
In terms of technical levels, if the EUR/GBP breaks decisively above 0.8442, next resistances could be found at 0.8460/63 (100-day SMA/Nov 13 high) and 0.8475 (Nov 4 high). On the other hand, supports are seen at 0.8413 (daily low) and 0.8400 (psychological level) followed by 0.8390 (Dec 12 low).