Forex: EUR/GBP hovering over 0.8100

FXstreet.com (Barcelona) - The pair is trading in the upper end of today's range so far, in the proximities of 0.8100, ahead of the EcoFin meeting announcements.

According to I.Spivak, Currency Strategist at DailyFX, "prices are testing resistance at 0.8103, the 14.6% Fibonaci retracement. This barrier is reinforced by the underside of a previously broken rising trend line sent from late July. A break above that exposes the October 22 high at 0.8164. Near-term support is at 0.8066& A drop below that aims for the 38.2% retracement at 0.8006

The pair is now advancing 0.11% at 0.8097 with the next resistance at 0.8108 (high Nov.23) followed by 0.8147 (high Oct.24) and then 0.8160 (high Oct.23).
On the flip side, a breach of 0.8054 (MA10d) would aim to 0.8033 (MA21d and then 0.8007 (low Nov.21).