Filed Under:
Forex pairs in this Article » EUR/GBP
FXstreet.com (Barcelona) - The pair is trading in the upper end of today's range above the key resistance at 0.8300 on Monday, after bottoming in the area below 0.8290

I.Spivak, Currency Strategist at DailyFX, assesses "prices are testing above resistance at 0.8275& with a confirmed break higher on a daily closing basis exposing the 100% level at 0.8372. Near term rising channel resistance-turned-support is at 0.8246, with a turn below that aiming for the 0.8215-20 region".

The cross is now advancing 0.40% at 0.8318 with the next resistance lying at 0.8468 (high Feb.29) ahead of 0.8490 (high Feb.28) and then 0.8506 (high Feb.24).
On the other hand, a breach of 0.8270 (hourly low Jan.14) would accelerate the downside towards 0.8262 (Upper Bollinger) and 0.8205 (low Jan.11).
comments powered by Disqus