by Thu, 09 Dec 2010 13:54:00 +0100
Forex: EUR/GBP consolidated under 84.00
FXstreet.com (Barcelona) - The EUR/GBP remains limited underneath the 84.00 resistance, despite testing the area on numerous occasions in morning trading over Europe. The pair rose to 0.8396 in the last hour following an unchanged BoE interest rate, however has since been pressured below once again towards 0.8380.
At time of writing the EUR/GBP is enduring slightly bearish pressure and quotes at 0.8382 where it remains in range of its daily low of 0.8370. Immediate support below is placed at 0.8365 and 0.8335, while resistance is listed at 0.8415, 0.8445 and 0.8480.
| Technical Analysis (2010-12-09 12:45 GMT) | |
|---|---|
EUR/GBP 0.83943/0.83968 - O: 0.8492 H: 0.85 L: 0.8486 C: 0.8498 | |
| Trend | R3: 0.8439 |
 | R2: 0.8418 |
| R1: 0.8397 | |
| S1: 0.8351 | |
| S2: 0.8372 | |
| S3: 0.8393 | |
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