26 Jan 2015
EUR/GBP faces resistance around 0.7500
FXStreet (Córdoba) - EUR/GBP rose momentarily back above 0.7500 but once agains failed to hold and pulled back. Currently is trading at the same level it closed on Friday at 0.7470/75.
The euro started the week trading at multi-year lows versus the pound, slightly above 0.7400 but then recovered ground and erased losses. It peaked at 0.7504 before losing strength.
EUR/GBP technical levels
To the upside, resistance might lie at 0.7505 (daily high) and above here at 0.7545/50. On the opposite direction resistance could be located at 0.7460, 0.7435 and 0.7400/05 (daily low).
The euro started the week trading at multi-year lows versus the pound, slightly above 0.7400 but then recovered ground and erased losses. It peaked at 0.7504 before losing strength.
EUR/GBP technical levels
To the upside, resistance might lie at 0.7505 (daily high) and above here at 0.7545/50. On the opposite direction resistance could be located at 0.7460, 0.7435 and 0.7400/05 (daily low).