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Forex pairs in this Article » EUR/GBP
FXStreet (Córdoba) - The EUR/GBP saw a quick drop to fresh daily lows during the European session as the pound strengthened in the wake of BoE McCafferty comments.

BoE policymaker Ian McCafferty said that BoE would consider slightly earlier rate rise if inflation pressure bigger than expected. The EUR/GBP fell to a low of 0.8226 on the comments although it quickly bounced back to the 0.8240 area. At time of writing, the EUR/GBP is trading at the 0.8235 zone, a few pips below its opening price.

EUR/GBP technical levels

In terms of technical levels, on the downside supports are seen at 0.8226 (Feb 25 low), 0.8214 (Feb 20 low), 0.8189 (Feb 17 low) and 0.8167 (Jan 22 low). On the flip side, immediate resistances are now seen at 0.8255 (Feb 25 high), 0.8285 (Feb 24 high), 0.8300 (Feb 12 high/psychological level) and 0.8335 (Feb 11 high).
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