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15 Feb 2013
Forex: EUR/GBP hovering over 0.8600
The demand for the pair remains subdued on Friday, following the generalized weakness in the single currency – around 1.33 vs. the USD - and the sterling – navigating in sub 1.55 levels against the US dollar. The investors’ preference for safer assets is also playing its role in the bearishness surrounding EUR/GBP.
As of writing, the pair is down 0.31% at 0.8598
Next support levels align at 0.8572 (low Feb.13) followed by 0.8544 (MA21d) and 0.8541 (low Feb.12).
On the opposite side, a breakout of 0.8667 (high Feb.14) would clear the way to 0.8684 (high Feb.13) and then 0.8701 (high Feb.4).
As of writing, the pair is down 0.31% at 0.8598
Next support levels align at 0.8572 (low Feb.13) followed by 0.8544 (MA21d) and 0.8541 (low Feb.12).
On the opposite side, a breakout of 0.8667 (high Feb.14) would clear the way to 0.8684 (high Feb.13) and then 0.8701 (high Feb.4).