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19 Mar 2015
EUR/GBP rebounds and rises back above 0.7200
FXStreet (Córdoba) - A weak pound pushed the EUR/GBP pair back above 0.7200. Earlier dropped to 0.7153 reaching the lowest price since Tuesday but rebounded.
Recently reached at 0.7234, the highest level since the European session. Yesterday the pair climbed to 0.7295 reaching a 2-week high. Volatility in the price of the pair remains elevated as the euro attempts to post the first weekly gain since January.
EUR/GBP levels
To the upside, immediate resistance lies at 0.7240 and above here at 0.7295/0.7300 (Mar 3, 18 high) and 0.7345. On the opposite direction support might lie at 0.7190, 0.7150 and 0.7100/05 (weekly low).
Recently reached at 0.7234, the highest level since the European session. Yesterday the pair climbed to 0.7295 reaching a 2-week high. Volatility in the price of the pair remains elevated as the euro attempts to post the first weekly gain since January.
EUR/GBP levels
To the upside, immediate resistance lies at 0.7240 and above here at 0.7295/0.7300 (Mar 3, 18 high) and 0.7345. On the opposite direction support might lie at 0.7190, 0.7150 and 0.7100/05 (weekly low).