Forex: EUR/GBP bid above 0.8100

FXstreet.com (Barcelona) - EURGBP is currently at 0.8099 off session lows at 0.8091. The cross reached a fresh 1-month high at 0.8114 ahead of the Eurogroup press conference where was officially released Greece will get next aid tranches totaling up to ¬ 44 B during 2013 1Q, dipping to mentioned session lows when the news were already out.

For the London session ahead key risk event will come in the form of revised UK 3Q GDP at 09:30 GMT, while the news on Greece might have an early impact as well as European markets start. EURGBP has been finding resistance around recent highs since late May this year, although this time the 200 day SMA was broken to the upside past Thursday, last at 0.8070.

Immediate resistance to the upside for EURGBP shows at Friday's/recent session/1-month highs at 0.8108/14, followed by Oct 16 highs at 0.8137, and Jun 15/Oct 22 highs at 0.8153/64. To the downside, nearest term support lies at yesterday's lows 0.8080, followed by Nov 15 highs/200 day SMA at 0.8067/70, and Oct 15 lows/Nov 07 highs at 0.8032/9.