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14 May 2013
Forex: EUR/GBP – capped at 0.8520 resistance
FXstreet.com (London - In the absence of drivers, EUR/GBP has moved attracted bids towards strong resistance offered by the 55 day ma and the 2013 downtrend at 0.8522/34.
The market is looking to the pair for a direction in Sterling, as the dollar has made some prominent advances today against the pound. With strong resistance, and with a light calendar ahead of inflation BoE report, the pair is oscillating 0.3% on the session. Support is seen at 0.8469, and 0.8443 with heavy support around the figure 0.8405.
The market is looking to the pair for a direction in Sterling, as the dollar has made some prominent advances today against the pound. With strong resistance, and with a light calendar ahead of inflation BoE report, the pair is oscillating 0.3% on the session. Support is seen at 0.8469, and 0.8443 with heavy support around the figure 0.8405.