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23 Apr 2015
EUR/GBP rises toward 0.7200
FXStreet (Córdoba) - The euro made a stronger recovery on Thursday against the pound and is back at the level it had yesterday. EUR/GBP rose sharply during the European and the American session and rose toward 0.7200.
EUR/GBP strong bounce from 5-week lows
Earlier the pair dropped to 0.7117 hitting the lowest value since March 16 but then, weak UK data and some positive expectations about a deal between Greece and the Troika boosted the euro.
Yesterday the pair posted the lowest close in 5-weeks and today is having the best performance in a month, currently attempting to rise back above 0.7200. Above, the next resistance levels might lie at 0.7235 (April 14 high) and 0.7260.
EUR/GBP strong bounce from 5-week lows
Earlier the pair dropped to 0.7117 hitting the lowest value since March 16 but then, weak UK data and some positive expectations about a deal between Greece and the Troika boosted the euro.
Yesterday the pair posted the lowest close in 5-weeks and today is having the best performance in a month, currently attempting to rise back above 0.7200. Above, the next resistance levels might lie at 0.7235 (April 14 high) and 0.7260.