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22 Apr 2014
EUR/GBP falls to test 0.8200
FXStreet (Córdoba) - The EUR/GBP recently traded momentarily under 0.8200. The Euro bottomed recently at 0.8197, the lowest price since February 28. Currently is hovering around 0.8200, testing the important level, down 0.18% for the day.
EUR/GBP outlook
With today’s decline the EUR/GBP is headed toward the sixth daily loss out of the last seven trading day. The short-term bias is clearly pointing to the downside but price is currently testing an important support level.
Below 0.8200, at 0.8155/60 there is another important support that capped the downside during January and February. To the upside, a key short term resistance lies at 0.8230 and above at 0.8280.
EUR/GBP outlook
With today’s decline the EUR/GBP is headed toward the sixth daily loss out of the last seven trading day. The short-term bias is clearly pointing to the downside but price is currently testing an important support level.
Below 0.8200, at 0.8155/60 there is another important support that capped the downside during January and February. To the upside, a key short term resistance lies at 0.8230 and above at 0.8280.