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2 Apr 2015
EUR/GBP testing highs in 0.7270
FXStreet (Edinburgh) - The single currency is attempting a bull run now, lifting EUR/GBP to the area of session highs near 0.7270.
EUR/GBP supported at 0.7210
After recent peaks in the vicinity of 0.7400 the figure, the European cross is looking to consolidate the drop and keep the trade above the 0.7200 handle. A better tone from the risk-associated assets gave the cross some support in the last sessions although the reduced activity today and tomorrow could tilt the trade towards a more range-bound pattern.
EUR/GBP levels to consider
As of writing the cross is advancing 0.16% at 0.7273 and a break above 0.7298 (10-d MA) would aim for 0.7320 (high Mar.31) and then 0.7339 (high Mar.30). On the other hand, the immediate support lines up at 0.7253 (low Apr.2) ahead of 0.7223 (low Mar.31) and finally 0.7200 (psychological level).
EUR/GBP supported at 0.7210
After recent peaks in the vicinity of 0.7400 the figure, the European cross is looking to consolidate the drop and keep the trade above the 0.7200 handle. A better tone from the risk-associated assets gave the cross some support in the last sessions although the reduced activity today and tomorrow could tilt the trade towards a more range-bound pattern.
EUR/GBP levels to consider
As of writing the cross is advancing 0.16% at 0.7273 and a break above 0.7298 (10-d MA) would aim for 0.7320 (high Mar.31) and then 0.7339 (high Mar.30). On the other hand, the immediate support lines up at 0.7253 (low Apr.2) ahead of 0.7223 (low Mar.31) and finally 0.7200 (psychological level).