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23 Jan 2015
EUR/GBP re-takes 0.75 handle
FXStreet (Mumbai) - The EUR sees a recovery largely driven by profit booking ahead of the weekend after falling multi-year lows against most G-10 currencies on ECB’s QE.
The EUR/GBP pair recovered partial losses to trade above 0.75 handle, trading currently at 0.7512 levels; down 0.73% for the day. The pair clocked a low of 0.7428 levels yesterday as an upbeat UK retail sales data released earlier today further added to the bearish pressure on the EUR/GBP pair. However, the EUR/USD pair has now recovered to 1.1289 levels from the low of 1.1118 seen earlier today. Meanwhile, the GBP/USD pair is up 0.03% to trade at 1.5015 levels. Consequently, the EUR/GBP pair has managed to recover above 0.75 levels.
EUR/GBP Technical Levels
The immediate resistance is seen at 0.7552, above which the pair could test 0.7594 levels. Meanwhile, support is seen at 0.7461 and 0.7427 levels.
The EUR/GBP pair recovered partial losses to trade above 0.75 handle, trading currently at 0.7512 levels; down 0.73% for the day. The pair clocked a low of 0.7428 levels yesterday as an upbeat UK retail sales data released earlier today further added to the bearish pressure on the EUR/GBP pair. However, the EUR/USD pair has now recovered to 1.1289 levels from the low of 1.1118 seen earlier today. Meanwhile, the GBP/USD pair is up 0.03% to trade at 1.5015 levels. Consequently, the EUR/GBP pair has managed to recover above 0.75 levels.
EUR/GBP Technical Levels
The immediate resistance is seen at 0.7552, above which the pair could test 0.7594 levels. Meanwhile, support is seen at 0.7461 and 0.7427 levels.