Forex: EUR/GBP posts 0.8063 high
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EUR/GBP
FXstreet.com (Barcelona) - EURGBP soared post NFP's and US Unemployment figures to post a high at 0.8063.
The move higher saw spot face resistance at R2 at 0.8067 before gently retracing. However, upside momentum looks to remain present and spot looks positioned to at least test the high this afternoon. With US employment figures over, the remainder of the session looks to be dominated by commentary from the Monti-Rajoy meeting which is set to start at 16:00 GMT, followed by the FOMC's Duke who speaks at 17:00 GMT.
Stocks are up as we head towards the European close whilst commodities have remained under pressure and are largely in the red.
The move higher saw spot face resistance at R2 at 0.8067 before gently retracing. However, upside momentum looks to remain present and spot looks positioned to at least test the high this afternoon. With US employment figures over, the remainder of the session looks to be dominated by commentary from the Monti-Rajoy meeting which is set to start at 16:00 GMT, followed by the FOMC's Duke who speaks at 17:00 GMT.
Stocks are up as we head towards the European close whilst commodities have remained under pressure and are largely in the red.
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