20 Nov 2014
EUR/GBP capped again at 0.8030/50
FXStreet (Córdoba) - EUR/GBP is falling on Thursday for the second day in a row weakened after Eurozone and UK economic data. The pair failed to hold above 0.8000 and bottomed during the American session at 0.7971, reaching a 2-day low.
At the time of writing was trading at 0.7985/90, 15 pips below yesterday’s closing price and at the same level it finished last week.
EUR/GBP rally finds resistance below 0.8050 (again)
On November 12 the pair started an important rally that brought the price from 0.7800 to 0.8037 (Nov 19 high). The pair failed to hold above 0.8030 and it was rejected one more time. In the previous three months EUR/GBP also traded above 0.8000 but the upside was capped around 0.8050. The last time the euro posted a daily close above 0.8030 was back in June.
At the time of writing was trading at 0.7985/90, 15 pips below yesterday’s closing price and at the same level it finished last week.
EUR/GBP rally finds resistance below 0.8050 (again)
On November 12 the pair started an important rally that brought the price from 0.7800 to 0.8037 (Nov 19 high). The pair failed to hold above 0.8030 and it was rejected one more time. In the previous three months EUR/GBP also traded above 0.8000 but the upside was capped around 0.8050. The last time the euro posted a daily close above 0.8030 was back in June.