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21 May 2013
EUR/GBP reaches 1-month high
FXstreet.com (Córdoba) - The euro continues to outperform the pound on Tuesday and, having broken above the 0.8500 psychological level, it reached its highest level in a month.
EUR/GBP gained more than 70 pips throughout the day and recently peaked at 0.8519 as the GBP faced some pressure on the back of lower-than-expected UK inflation data. At time of writing, EUR/GBP is trading at the 0.8515 zone, where it records a 0.9% daily rise.
On the upside, next resistances could be found at 0.8530 (high Apr 25) and 0.8570 (high Apr 23), while on the downside, supports are seen at 0.8440 (daily low) and 0.8420 (low May 16).
EUR/GBP gained more than 70 pips throughout the day and recently peaked at 0.8519 as the GBP faced some pressure on the back of lower-than-expected UK inflation data. At time of writing, EUR/GBP is trading at the 0.8515 zone, where it records a 0.9% daily rise.
On the upside, next resistances could be found at 0.8530 (high Apr 25) and 0.8570 (high Apr 23), while on the downside, supports are seen at 0.8440 (daily low) and 0.8420 (low May 16).