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19 Feb 2013
Forex: EUR/GBP in session highs around 0.8650
The sterling is intensifying its bearish momentum on Tuesday, testing the 1.5440 level against the greenback while the single currency remains well supported in the vicinity of 1.3350
EUR/GBP is subsequently trading in the upper end of the range, surpassing yesterday highs and eyeing 0.8660 as we enter the last part of the European session.
As of writing, the pair is gaining 0.27% at 0.8655 with the next resistance at 0.8667 (high Feb.14) followed by 0.8684 (high Feb.13) and then 0.8701 (high Feb.4).
On the flip side, a breach of 0.8575 (low Feb.15) would bring 0.8572 (low Feb.13) and finally 0.8568 (MA21d).
EUR/GBP is subsequently trading in the upper end of the range, surpassing yesterday highs and eyeing 0.8660 as we enter the last part of the European session.
As of writing, the pair is gaining 0.27% at 0.8655 with the next resistance at 0.8667 (high Feb.14) followed by 0.8684 (high Feb.13) and then 0.8701 (high Feb.4).
On the flip side, a breach of 0.8575 (low Feb.15) would bring 0.8572 (low Feb.13) and finally 0.8568 (MA21d).