Forex: EUR/GBP extends rally to 0.9130, approaches 3-month high at 0.9150

Wed, Mar 10 2010, 11:26 GMT
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FXstreet.com (Barcelona) - Euro rally from 0.8980 low on Friday has extended on European session with the Euro breaking above 0.9100 resistance on Pound weakness after weaker than expected UK manufacturing data, and to a fresh one-week high at 0.9130.

On the upside, above current levels, the Euro might find resistance at 0.9150 (Mar 1 spike high), and then at 0.9200 and 0.9240 (Oct 26 high).

On the downside, support levels lie at 0.9100 (Mar 2,3 and 9 highs) and below here, 0.9070 (Mar 8 high) and 0.9045 (Mar 9 low/Mar 5 high).

EUR/GBP

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