11 Apr 2014
EUR/GBP clings to 0.8300
FXStreet (Córdoba) - The EUR/GBP rose to fresh weekly highs above 0.8300 as the shared currency outperforms the pound against a risk-off backdrop.
The EUR/GBP managed to climb to a high of 0.8309 as the British currency was also weighed by disappointing UK construction output. However, the pair found resistance and slid back toward the psychological level to currently trade up 0.38% at the 0.8300/05 zone.
EUR/GBP technical levels
In terms of technical levels, next resistances are seen at 0.8309/13 (Apr 12 high/Apr 3 high) and 0.8320 (Mar 27 high). On the flip side, supports could be found at 0.8270 (Apr 11 low), 0.8240 (Apr 10 low) and 0.8230 (Apr 9 low) ahead of 0.8200 (psychological level).
The EUR/GBP managed to climb to a high of 0.8309 as the British currency was also weighed by disappointing UK construction output. However, the pair found resistance and slid back toward the psychological level to currently trade up 0.38% at the 0.8300/05 zone.
EUR/GBP technical levels
In terms of technical levels, next resistances are seen at 0.8309/13 (Apr 12 high/Apr 3 high) and 0.8320 (Mar 27 high). On the flip side, supports could be found at 0.8270 (Apr 11 low), 0.8240 (Apr 10 low) and 0.8230 (Apr 9 low) ahead of 0.8200 (psychological level).