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13 Aug 2013
EUR/GBP recovers from 1-month low
FXstreet.com (Córdoba) - The EUR/GBP managed to bounce and trimmed intraday losses after plummeting to 1-month lows at the beginning of the American session.
EUR/GBP broke below the 0.8580 support area and bottomed out at 0.8534 before finding support and recovering some ground. At time of writing, EUR/GBP is trading at the 0.8580 area, where it is still 0.2% below its opening price.
EUR/GBP key levels
In terms of technical levels, EUR/GBP could face immediate supports at 0.8534 (daily low) and 0.8500 (psychological level), while resistances are seen at 0.8610 (daily high) and 0.8640 (200-hour SMA).
EUR/GBP broke below the 0.8580 support area and bottomed out at 0.8534 before finding support and recovering some ground. At time of writing, EUR/GBP is trading at the 0.8580 area, where it is still 0.2% below its opening price.
EUR/GBP key levels
In terms of technical levels, EUR/GBP could face immediate supports at 0.8534 (daily low) and 0.8500 (psychological level), while resistances are seen at 0.8610 (daily high) and 0.8640 (200-hour SMA).