EUR/GBP has the best day in two months

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - The EUR/GBP rose 0.25% on Monday, having the best day in two months. Price peaked on European hours at 0.7980, the strongest level since July 1 but then pulled back.



A weak Pound pushed the pair to the upside and gained momentum after breaking above 0.7965. It finished trading at 0.7971, more than 20 pips above the price it closed last Friday.



While the EUR/USD rose above 1.3600 and managed to hold, the GBP/USD broke below 1.7100 acelerating to the downside.



EUR/GBP levels to watch

To the upside, immediate resistance could be located at 0.7980 (July 14 high) and above here at 0.8000 and 0.8020. On the opposite direction support might lie at 0.7965/68 (American session low) and 0.7933 (July 10 low).



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