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Forex: EUR/GBP pushing against day high

By FXstreet.com,  October 06, 2011, 04:45:00 AM EDT

FXstreet.com (Barcelona) - Euro's bounce up from the 0.8625 area during the latest Asian session, has managed to reach the 0.8665 price zone (latest daily high). The cross is quoting at the time of writing at 0.8650, 0.24% above its opening price.

On a short term technical perspective and according to the technical studies from Forexindices.com, the pair shows the next resistance levels: a first barrier at 0.8683, and above this area, the next resistance lies at the 0.8714 price zone, and after this at 0.8752.

On the downside, a first support lies at the 0.8628 price zone, followed by 0.8606 and, after this the next support level is located at the 0.8575 price zone.




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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