Forex: EUR/GBP holding stable above 0.8100

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FXstreet.com (Barcelona) - Despite EUR weakness against USD, EUR/USD down -0.24% so far for the week, EUR/GBP is slightly higher although not by much, given Cable is even lower against USD than EUR, -0.27%, last at fresh session lows 1.6025. EUR/GBP is up the spread so far, last at 0.8134, off session highs at 0.8142.

Not major economic data EUR or GBP related will be out Monday for the London session ahead, but minor UK Halifax house price index at 08:00 GMT, EU sentix indicator at 09:30 GMT, and EU PPI at 10:00 GMT. EU commissioner Barroso will also give a speech in Lisbon, while UK PM Cameron's threat to block EU reforms as reported on Guardian during the weekend could bring markets attention as well.

Immediate support to the upside for EUR/GBP shows at recent session/Friday's highs 0.8142/4, followed by Jan 02 highs at 0.8153, and Dec 24 highs at 0.8185. To the downside, closest support lies at Nov 26 highs 0.8113, followed by Friday's lows at 0.8097, and Thursday's lows at 0.8086.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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