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ٹریڈنگ خبریں
8 Apr 2013
Forex: EUR/GBP hits 2-week high above 0.8500
FXstreet.com (Córdoba) - The euro outperformed the pound on Monday and climbed to its highest level in 2 weeks, as fears of continued UK economic weakness weighed on the British currency.
EUR/GBP gained over 70 pips throughout the day and reached a 2-week high of 0.8531 during the New York session. At time of writing, the cross is quoting around 0.8525, recording a 0.6% gain on the day.
In terms of technical levels, next resistances could be found at 0.8531 (intraday high), 0.8565 (Mar 25 high) and 0.8590 (50-day SMA). On the downside, supports in case of pullbacks are seen at 0.8500, 0.8470 (10-day SMA) and 0.8435 (Apr 4 low).
EUR/GBP gained over 70 pips throughout the day and reached a 2-week high of 0.8531 during the New York session. At time of writing, the cross is quoting around 0.8525, recording a 0.6% gain on the day.
In terms of technical levels, next resistances could be found at 0.8531 (intraday high), 0.8565 (Mar 25 high) and 0.8590 (50-day SMA). On the downside, supports in case of pullbacks are seen at 0.8500, 0.8470 (10-day SMA) and 0.8435 (Apr 4 low).