11 Sep 2015
EUR/GBP extends gains above 0.7325
FXStreet (Córdoba) - EUR/GBP broke above 0.7325 and climbed to 0.7350 hitting a fresh daily high boosted by a rally of the euro across the board.
EUR/GBP back to Monday’s levels
The recent rally brought the price back to the level it had on Monday, when it started the week trading at 0.7350; that day peaked at 0.7356 before falling to 0.7240.
During several days, the pair tested the 0.7240 support zone but it was able to hold on top. During the European session it reached levels on top of 0.7320 but it failed to rally. Recently rose back above again and it continue to the upside.
From the bottom of the September trading range, EUR/GBP is rising toward the top that lies at 0.7395; before resistance might be seen at 0.7365. On the opposite direction support might now lie at 0.73200, 0.7290 (daily low) and 0.7260, ahead of the key 0.7240 (Sept 8, 9, 10 lows).
EUR/GBP back to Monday’s levels
The recent rally brought the price back to the level it had on Monday, when it started the week trading at 0.7350; that day peaked at 0.7356 before falling to 0.7240.
During several days, the pair tested the 0.7240 support zone but it was able to hold on top. During the European session it reached levels on top of 0.7320 but it failed to rally. Recently rose back above again and it continue to the upside.
From the bottom of the September trading range, EUR/GBP is rising toward the top that lies at 0.7395; before resistance might be seen at 0.7365. On the opposite direction support might now lie at 0.73200, 0.7290 (daily low) and 0.7260, ahead of the key 0.7240 (Sept 8, 9, 10 lows).