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22 May 2015
EUR/GBP extends gains above 0.7140
FXStreet (Córdoba) - The euro rose further against the pound and printed a fresh daily high at 0.7162. Currently the pair trades at 0.7150, up 0.80% for the day, having the first gain since last Friday.
EUR/GBP managed to erased yesterday’s losses. The rally so far was capped by the 0.7160/70 area (May 21, 22 highs). A break higher could open the doors for more gains. The pair is recovering after falling yesterday to 0.7088, the lowest level since March 12.
EUR/GBP technical levels
To the upside, resistance levels might lie at 0.7165, 0.7205 (May 14, 15 low) and 0.7235 (May 19 high). On the opposite direction support now could be located at 0.7125, 0.7110 and 0.7085/90 (May 21 low).
EUR/GBP managed to erased yesterday’s losses. The rally so far was capped by the 0.7160/70 area (May 21, 22 highs). A break higher could open the doors for more gains. The pair is recovering after falling yesterday to 0.7088, the lowest level since March 12.
EUR/GBP technical levels
To the upside, resistance levels might lie at 0.7165, 0.7205 (May 14, 15 low) and 0.7235 (May 19 high). On the opposite direction support now could be located at 0.7125, 0.7110 and 0.7085/90 (May 21 low).