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13 Mar 2015
EUR/GBP retesting highs at 0.7142
FXStreet (Mumbai) - EUR/GBP keeps losses during the European session, largely on the weakness seen in the shared currency as broad based US dollar dominance continues to undermine the euro.
EUR/GBP remains in red
Currently, the EUR/GBP cross trades lower by -0.12% at 0.7139 levels, failing several attempts to surpass 0.7140 levels. The cross in EUR/GBP edged lower as the shared currency remains in losses versus the greenback amid ongoing Greek concerns and on expectations of Fed rate-hike hint at Fed’s March 18 Meeting. On the other hand, pound remains little affected by speeches by BOE Governor Carney and MPC Shafik’s speeches.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7142 and above which it could extend gains to at 0.7182 levels. To the downside immediate support might be located at 0.7100 levels below that at 0.7089 levels.
EUR/GBP remains in red
Currently, the EUR/GBP cross trades lower by -0.12% at 0.7139 levels, failing several attempts to surpass 0.7140 levels. The cross in EUR/GBP edged lower as the shared currency remains in losses versus the greenback amid ongoing Greek concerns and on expectations of Fed rate-hike hint at Fed’s March 18 Meeting. On the other hand, pound remains little affected by speeches by BOE Governor Carney and MPC Shafik’s speeches.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7142 and above which it could extend gains to at 0.7182 levels. To the downside immediate support might be located at 0.7100 levels below that at 0.7089 levels.