EUR/GBP soars and post highest close in a month

By FXstreet.com | August 01, 2014 AAA

FXStreet (Córdoba) - The EUR/GBP jumped on Friday, rising from 0.7930 to 0.7983 hitting the highest price in a month. Economic data from the United Kingdom weakened the Pound while the Euro remained resilient across the board.



It was the best day for the EUR/GBP since March and the highest close in a month, recovering further after bottoming in July at 0.7870.



EUR/GBP breaks key levels

Price approached to 0.8000 but the rally lost momentum above 0.7980. Despite not being able to break 0.8000 the pair rose above important technical levels, as a medium term bearsih trendline and also above the 20-day SMA, for the first time since March.



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