11 May 2015
EUR/GBP falls below 0.7200
FXStreet (Córdoba) - EUR/GBP broke below 0.7200 and dropped to 0.7160 reaching the lowest level since April 29. The pair remains near the lows, still under pressure, falling for the third trading day in a row
The pound is again the best performer across the baord as GBP/USD climbs on top of 1.5550, to the strongtes level since the beginning of the year, gaining ground on the back of the UK general elections results.
EUR/GBP technical levels
To the downside, support levels might lie at 0.7160 (daily low) 0.7145, 0.7130 (Apr 28 low) and 0.7115 (Apr 23 low). On the opposite direction, resistance could be located now at 0.7200, 0.7225 and 0.7256 (daily high).
The pound is again the best performer across the baord as GBP/USD climbs on top of 1.5550, to the strongtes level since the beginning of the year, gaining ground on the back of the UK general elections results.
EUR/GBP technical levels
To the downside, support levels might lie at 0.7160 (daily low) 0.7145, 0.7130 (Apr 28 low) and 0.7115 (Apr 23 low). On the opposite direction, resistance could be located now at 0.7200, 0.7225 and 0.7256 (daily high).