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1 Sep 2015
EUR/GBP hits 1-week highs
FXStreet (Córdoba) - The euro gained momentum across the board during the last hour as stocks in Wall Street dropped further. EUR/GBP broke above 0.7370 and climbed to 0.7390 hitting the strongest level since August 24.
The pair currently trades around 0.7375, consolidating gains and headed toward the highest close in three months, rising for the second day in a row. Since the beginning of the week EUR/GBP has risen more than a hundred pips.
EUR/GBP near important resistance
Since February the pair traded only momentarily above 0.7400. Every time it rose above, failed to consolidate and pulled back. Price is approaching once again to the mentioned level that is a key resistance area. A break higher could open the doors for further gains.
The pair currently trades around 0.7375, consolidating gains and headed toward the highest close in three months, rising for the second day in a row. Since the beginning of the week EUR/GBP has risen more than a hundred pips.
EUR/GBP near important resistance
Since February the pair traded only momentarily above 0.7400. Every time it rose above, failed to consolidate and pulled back. Price is approaching once again to the mentioned level that is a key resistance area. A break higher could open the doors for further gains.