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EUR/GBP climbs to 1-month highs

FXStreet (Córdoba) - The euro is rising against the pound for the third day in a row. As volatility jumped in financial markets, EUR/GBP climbed to 0.8018, hitting the strongest level since September 10.

The pair pulled back afterward below 0.8000 and currently trades around 0.7985, up 0.35% for the day, on its way to the highest close in a month as it continues to recover from multi-year lows that reached early October at 0.7760.

EUR/GBP approaches key 0.8030

The rally brought the pair near 0.8030 a key resistance, that capped the euro in May and August; during September traded above but failed to hold. Above 0.8030, the next resistance to consider lies at 0.8060/65 (Sept high).

To the downside, immediate support might lie at 0.7965 and below here at 0.7930/35 that was an important resistance at the beginning of the week.

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