21 Jul 2014
EUR/GBP stretches to fresh daily highs
FXStreet (Córdoba) - The EUR/GBP edged higher and printed a marginal new high for the day as the pound weakened slightly at the beginning of the New York session.
The EUR/GBP stretched to a high of 0.7926 but lacked follow-through as interest begins to fade with the warm weather. At time of writing, the pair is trading at 0.7923, 0.11% above its opening price.
EUR/GBP technical levels
In terms of technical levels, the EUR/GBP could find next resistances at 0.7932 (Jul 18 high), 0.7955 (21-day SMA) and 0.7980 (Jul 15 high). On the other hand, supports are seen at 0.7903/00 (Jul 18 low/psychological level), 0.7888 (2014 low Jul 17) and 0.7855 (Aug 21 2012 low).
The EUR/GBP stretched to a high of 0.7926 but lacked follow-through as interest begins to fade with the warm weather. At time of writing, the pair is trading at 0.7923, 0.11% above its opening price.
EUR/GBP technical levels
In terms of technical levels, the EUR/GBP could find next resistances at 0.7932 (Jul 18 high), 0.7955 (21-day SMA) and 0.7980 (Jul 15 high). On the other hand, supports are seen at 0.7903/00 (Jul 18 low/psychological level), 0.7888 (2014 low Jul 17) and 0.7855 (Aug 21 2012 low).