by Mon, 07 Jun 2010 07:13:00 +0200
Forex: EUR/GBP hits 18-month low
FXstreet.com (Córdoba) - EUR/GBP opened the day at its NY close around 0.8275, but the Pound is clearly stronger then the Euro and quickly dragged the price down.
The hegemonic currency continued moving down against the Sterling and reached a fresh 18-month low at 0.8238, last seen November 28th 2008.
Currently the pair is trading at the 0.8250 zone, 0.30% below its opening price. If EUR/GBP manages to hold below, next support might be found at the 0.8190 zone (Sept/Oct 08 highs).
| Technical Analysis (2010-06-07 05:08 GMT) | |
|---|---|
EUR/GBP 0.8249/0.8253 - O: 0.8252 H: 0.8255 L: 0.8246 C: 0.8249 | |
| Trend | R3: 0.8297 |
 | R2: 0.8277 |
| R1: 0.8256 | |
| S1: 0.8206 | |
| S2: 0.8226 | |
| S3: 0.8247 | |
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