22 Dec 2014
EUR/GBP rebounds, hits fresh daily high
FXStreet (Mumbai) - The single currency rebounded versus the British pound today and edged higher, snapping four consecutive days of losses.
Currently, the EUR/GBP pair clocks fresh daily high of 0.7839 levels, up 0.19% on the day. The single currency remains elevated against the pound as the euro regains strength versus the US dollar, reversing from 2-year low levels. EUR/USD trades now at 1.2258 levels, up 0.25% on the day.
EUR/GBP continues to trade in a tight range in absence of any key economic data today for further moves on the pair.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7903 (Dec 8 High) and above which it could extend gains to at 0.7933 (Dec 9 High) levels. To the downside immediate support might be located at 0.7833 (Dec 18 Low) and below that at 0.78 levels.
Currently, the EUR/GBP pair clocks fresh daily high of 0.7839 levels, up 0.19% on the day. The single currency remains elevated against the pound as the euro regains strength versus the US dollar, reversing from 2-year low levels. EUR/USD trades now at 1.2258 levels, up 0.25% on the day.
EUR/GBP continues to trade in a tight range in absence of any key economic data today for further moves on the pair.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7903 (Dec 8 High) and above which it could extend gains to at 0.7933 (Dec 9 High) levels. To the downside immediate support might be located at 0.7833 (Dec 18 Low) and below that at 0.78 levels.