1 May 2015
EUR/GBP reaches 2-month high above 0.7400
FXStreet (Córdoba) - EUR/GBP extended gains during the European session and reached its highest level in more than 2 months, as the pound continues to underperform amid political uncertainty ahead of the UK general elections on May 7.
EUR/GBP is rising for fourth day in a row and managed to pierce the 0.74 mark to hit a high of 0.7405 in recent dealings. Immediate target on the upside will be the 100-day SMA standing at 0.7445, followed by 0.7490 (Feb 6 high).
On the other hand, short-term supports are seen at 0.7334 (Apr 30 low), 0.7300 (psychological level) and 0.7240 (50-day SMA).
EUR/GBP is rising for fourth day in a row and managed to pierce the 0.74 mark to hit a high of 0.7405 in recent dealings. Immediate target on the upside will be the 100-day SMA standing at 0.7445, followed by 0.7490 (Feb 6 high).
On the other hand, short-term supports are seen at 0.7334 (Apr 30 low), 0.7300 (psychological level) and 0.7240 (50-day SMA).