13 Feb 2014
EUR/GBP extends recovery above 0.8200
FXStreet (Córdoba) - The EUR/GBP managed to trim some of yesterday's losses in a bout of euro demand during the European session.
The EUR/GBP slumped Wednesday in the wake of BoE more hawkish rhetoric and printed a 3-week low of 0.8180 before bouncing and recovering ground. The EUR/GBP is currently trading at the 0.8215 zone, up 0.3% on the day.
EUR/GBP levels to watch
In terms of technical levels, the EUR/GBP could found immediate resistances are seen at 0.8218 (Feb 13 high), 0.8253 (20-day SMA) and 0.8300 (psychological level). On the downside, supports are seen at 0.8180 (Feb 13 low) and 0.8167 (Jan 22 low).
The EUR/GBP slumped Wednesday in the wake of BoE more hawkish rhetoric and printed a 3-week low of 0.8180 before bouncing and recovering ground. The EUR/GBP is currently trading at the 0.8215 zone, up 0.3% on the day.
EUR/GBP levels to watch
In terms of technical levels, the EUR/GBP could found immediate resistances are seen at 0.8218 (Feb 13 high), 0.8253 (20-day SMA) and 0.8300 (psychological level). On the downside, supports are seen at 0.8180 (Feb 13 low) and 0.8167 (Jan 22 low).