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28 Aug 2015
EUR/GBP falls toward weekly lows as Euro plummets
FXStreet (Córdoba) - The US dollar started to rise across the board after comments from Federal Reserve Vice Chairman, Stanley Fischer, while the euro plummeted. EUR/GBP broke below 0.7300 and dropped to 0.7265, hitting the lowest since Tuesday.
The pair is holding a bearish tone as EUR/USD tumbles below 1.1200 while GBP/USD remains steady hovering around 1.5350/60.
EUR/GBP near weekly lows
Earlier the pair reached a 2-day high at 0.7353 but then lost strength and pulled back modestly. The decline brought the price near weekly lows that lie at 0.7245/50.
To the downside below 0.7240 support levels might lie at 0.7225 and 0.7195. On the opposite direction, resistance now might be seen at 0.7285 (previous daily low), 0.7330 and 0.7350/55 (daily high).
The pair is holding a bearish tone as EUR/USD tumbles below 1.1200 while GBP/USD remains steady hovering around 1.5350/60.
EUR/GBP near weekly lows
Earlier the pair reached a 2-day high at 0.7353 but then lost strength and pulled back modestly. The decline brought the price near weekly lows that lie at 0.7245/50.
To the downside below 0.7240 support levels might lie at 0.7225 and 0.7195. On the opposite direction, resistance now might be seen at 0.7285 (previous daily low), 0.7330 and 0.7350/55 (daily high).