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2 May 2013
Forex: EUR/GBP retraces gains and collapses to 0.8410
FXstreet.com (San Francisco) - After reacting first to the upside following the ECB rate decision, the EUR/GBP has retraced all initial gains and currently it is trading lower with the pair falling around 70 pips from 0.8480 to break below the 0.8440 and reach fresh lowest since April 29 at 0.8410.
Currently the EUR/GBP is trading at 0.8415, 0.58% negative on the day. Below the 0.8410, next support is at the 0.8400 level ahead of the 0.83225. On the upside, resistances are at 0.8440, 0.8455 and 0.8475.
Currently the EUR/GBP is trading at 0.8415, 0.58% negative on the day. Below the 0.8410, next support is at the 0.8400 level ahead of the 0.83225. On the upside, resistances are at 0.8440, 0.8455 and 0.8475.