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26 Jun 2013
EUR/GBP side-lined
FXstreet.com (Barcelona) - EUR/GBP is oscillating in a tight range between 0.8470 and 0.8486.
The cross EUR/GBP has realised a firm spot while the dollar is unable to continue any higher on recent and poor GDP this afternoon. The reading came in worse at 1.8% against 2.4% expected. This has enabled EUR/GBP to rest for the time being and see cable get a foot-hold away from key support zone.
EUR/GBP is otherwise caught within downward pressures and testing the sideways support line. Support comes in after at 0.8430 and 0.8400. 0.8380
The cross EUR/GBP has realised a firm spot while the dollar is unable to continue any higher on recent and poor GDP this afternoon. The reading came in worse at 1.8% against 2.4% expected. This has enabled EUR/GBP to rest for the time being and see cable get a foot-hold away from key support zone.
EUR/GBP is otherwise caught within downward pressures and testing the sideways support line. Support comes in after at 0.8430 and 0.8400. 0.8380