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30 Dec 2014
EUR/GBP hits fresh daily lows
FXStreet (Mumbai) - The single currency slipped against the British pound in Asian trading, after advancing in the previous session on sterling weakness.
Currently, the EUR/GBP pair hit a fresh daily high of 0.7820 levels, down 0.15% on the day, after having previously posted day’s high at 07840 levels. The weakness in the EUR/GBP cross is largely due to the strengthening US dollar versus the Euro in reaction to the Greek political turmoil, which has knocked down EUR/GBP to day’s low.
Moreover, the EUR/GBP pair remains pressured as the sterling managed to regain footing against the greenback today, recovering from steep losses seen yesterday.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7855 (Dec 29 High) and above which it could extend gains to at 0.7903 (Dec 8 High) levels. To the downside immediate support might be located at 0.7818 (Dec 29 Low) and below that at 0.78 levels.
Currently, the EUR/GBP pair hit a fresh daily high of 0.7820 levels, down 0.15% on the day, after having previously posted day’s high at 07840 levels. The weakness in the EUR/GBP cross is largely due to the strengthening US dollar versus the Euro in reaction to the Greek political turmoil, which has knocked down EUR/GBP to day’s low.
Moreover, the EUR/GBP pair remains pressured as the sterling managed to regain footing against the greenback today, recovering from steep losses seen yesterday.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7855 (Dec 29 High) and above which it could extend gains to at 0.7903 (Dec 8 High) levels. To the downside immediate support might be located at 0.7818 (Dec 29 Low) and below that at 0.78 levels.