10 Mar 2015
EUR/GBP testing lows at 0.7150
FXStreet (Edinburgh) - The heavy tone in the single currency is dragging EUR/GBP to test levels last seen in December 2007 around 0.7150.
EUR/GBP hurt by euro weakness
The common currency is intensifying its generalized decline on Tuesday following the start of the bond-buying programme by the ECB on Monday. Renewed jitters surrounding the debt negotiations between Greece and the Eurogroup are adding to the downbeat sentiment, with technical talks between both parties scheduled to start tomorrow ahead of the meeting between PM A.Tsipras and EC Head J.C.Juncker on Friday.
EUR/GBP key levels
At the moment the cross is down 0.26% at 0.7158 with the next support at 0.7100 (psychological level) ahead of 0.7089 (monthly low Dec. 2007) and finally 0.7022 (monthly high Apr.2006). On the upside, a surpass of 0.7179 (hourly high Dec.10) would aim for 0.7220 (high Mar.9) and then 0.7238 (high Mar.6).
EUR/GBP hurt by euro weakness
The common currency is intensifying its generalized decline on Tuesday following the start of the bond-buying programme by the ECB on Monday. Renewed jitters surrounding the debt negotiations between Greece and the Eurogroup are adding to the downbeat sentiment, with technical talks between both parties scheduled to start tomorrow ahead of the meeting between PM A.Tsipras and EC Head J.C.Juncker on Friday.
EUR/GBP key levels
At the moment the cross is down 0.26% at 0.7158 with the next support at 0.7100 (psychological level) ahead of 0.7089 (monthly low Dec. 2007) and finally 0.7022 (monthly high Apr.2006). On the upside, a surpass of 0.7179 (hourly high Dec.10) would aim for 0.7220 (high Mar.9) and then 0.7238 (high Mar.6).