OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/GBP turns flat on the day

FXstreet.com (Córdoba) - After failing to overcome the 0.8470 area, the euro weakened versus the pound and slipped to fresh daily lows at the beginning of the NY session.

EUR/GBP turned negative for the day and printed a low of 0.8444 before finding support. At time of writing, the cross is trading around 0.8450, virtually unchanged since opening.

In terms of technical levels, on the downside next supports might be found at 0.8420 (low May 16) and 0.8400 (psychological level), while on the upside, resistances are seen at 0.8470 (daily highs) and 0.8499/0.8500 (high May 15/psychological level).

Forex: EUR/USD retreats from 1.2870

Another attempt to follow through 1.2870 and another failure for the single currency, returning afterwards to the current area of 1.2860/65...
Read more Next
Start livechat