Forex: EUR/GBP recovers from 19-month low

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FXstreet.com (Córdoba) - After hitting a 19-month low of 0.8209 at the beginning of the European session, the Euro found support and bounced, trimming almost completely intraday losses versus the Pound.

EUR/GBP bounced from 0.8209, its lowest since Sep 2010, and climbed to a fresh daily high of 0.8247 before losing momentum. At time of writing, the cross is quoting at the 0.8235 zone, where it is still down 0.2% on the day.

In terms of technical levels, immediate resistances could be found at 0.8255, 10-day MA, and the 0.8270/75 area ahead of 0.8300. On the flip side, supports might be faced at 0.8210, 0.8170 and 0.8140.



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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