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EUR/GBP reaches fresh highs above 0.8000

FXStreet (Córdoba) - EUR/GBP managed to extend gains and printed fresh 1-month highs above the 0.80 mark, as the euro gathers pace across the board.

EUR/GBP climbed to its highest level since Oct 16 at 0.8018 before easing a tad. At time of writing, the pair is trading at 0.8005, recording a 0.62% gain on the day, with immediate resistances at 0.8045 (Oct 15 high), 0.8066 (Sept 10 high) and 0.8100 (psychological level).

On the other hand, supports are seen at 0.7955 (Nov 18 low), 0.7935 (Nov 17 low) and 0.7916 (100-day SMA).

Don’t get too long of the greenback - BAML

Analysts at Bank of America Merrill Lynch explained that while they remain LONG TERM US dollar bulls (targeting the 106.00 area in the US dollar Index), in the near and medium term the US dollar is set to struggle/ correct lower.
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EUR/CHF hits fresh 2-year lows, 8 pips above 1.2000

EUR/CHF moved sideways during most of the day and surprisingly during the American session broke below and bottomed at 1.2007, reaching a fresh 2-year low and moving closer to the floor established by the Swiss National Bank.
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