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20 May 2013
EUR/GBP turns flat on the day
FXstreet.com (Córdoba) - After failing to overcome the 0.8470 area, the euro weakened versus the pound and slipped to fresh daily lows at the beginning of the NY session.
EUR/GBP turned negative for the day and printed a low of 0.8444 before finding support. At time of writing, the cross is trading around 0.8450, virtually unchanged since opening.
In terms of technical levels, on the downside next supports might be found at 0.8420 (low May 16) and 0.8400 (psychological level), while on the upside, resistances are seen at 0.8470 (daily highs) and 0.8499/0.8500 (high May 15/psychological level).
EUR/GBP turned negative for the day and printed a low of 0.8444 before finding support. At time of writing, the cross is trading around 0.8450, virtually unchanged since opening.
In terms of technical levels, on the downside next supports might be found at 0.8420 (low May 16) and 0.8400 (psychological level), while on the upside, resistances are seen at 0.8470 (daily highs) and 0.8499/0.8500 (high May 15/psychological level).