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30 Dec 2014
EUR/GBP challenges December lows
FXStreet (Córdoba) - EUR/GBP fell to test monthly lows at the 0.7810 area as the pound strengthened during the American session, outperforming the euro.
EUR/GBP has fallen to a low 0.7813 Tuesday, but December's low at 0.7812 has contained the downside so far. At time of writing, the pair is trading at 0.7815, 0.17% below its opening price.
The shared currency however, has lost over 2% from the 0.8000 area where it peaked on Dec 16 and it is on track to close December with a net loss after 2 consecutive monthly gains.
EUR/GBP technical levels
In terms of technical levels, if EUR/GBP breaks below 0.7812, next supports are seen at 0.7800/0.7798 (psychological level/Nov 6 low) and 0.7784 (Sep 25 low). On the other hand, resistances could be found at 0.7843 (daily high) and 0.7866 (Dec 23 high).
EUR/GBP has fallen to a low 0.7813 Tuesday, but December's low at 0.7812 has contained the downside so far. At time of writing, the pair is trading at 0.7815, 0.17% below its opening price.
The shared currency however, has lost over 2% from the 0.8000 area where it peaked on Dec 16 and it is on track to close December with a net loss after 2 consecutive monthly gains.
EUR/GBP technical levels
In terms of technical levels, if EUR/GBP breaks below 0.7812, next supports are seen at 0.7800/0.7798 (psychological level/Nov 6 low) and 0.7784 (Sep 25 low). On the other hand, resistances could be found at 0.7843 (daily high) and 0.7866 (Dec 23 high).