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EUR/GBP back below 0.8000

FXStreet (Córdoba) - The euro is retreating against the pound after rising yesterday to the strongest level in a month. EUR/GBP has erase most of yesterday's gains as the pound strengthens in the market.

The pair bottomed recently at 0.7945 and then rebounded. During the last two hours remained steady, moving in a range between 0.7980 and 0.7965, 40 pips below yesterday's closing price.

EUR/GBP facing key resistance

On Wednesday jumped to 0.8045, a level not seen since September 10. The pair lost upside momentum near September highs that lie at 0.8065 and today is pulling back further. The area between 0.8030 and 0.8065 has become a strong barrier during the past months.

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