FXstreet.com (Córdoba) - The euro extended gains versus the pound on Monday, breaking above June highs to print a fresh 5 ½-month peak, underpinned by the more positive market mood. EUR/GBP broke above the 0.8150 resistance area and previous highs, to reach its highest since May 1 at 0.8163.
However, EUR/GBP lacked momentum to extend gains past that level and it pulled back slightly. At time of writing, the cross is quoting at the 0.8150 zone, up 0.2% on the day.
In terms of technical levels, on the upside immediate resistances are seen at 0.8163, 0.8200 and 0.8220, while on the downside supports could be found at 0.8110, 0.8090 and 0.8050.
However, EUR/GBP lacked momentum to extend gains past that level and it pulled back slightly. At time of writing, the cross is quoting at the 0.8150 zone, up 0.2% on the day.
In terms of technical levels, on the upside immediate resistances are seen at 0.8163, 0.8200 and 0.8220, while on the downside supports could be found at 0.8110, 0.8090 and 0.8050.
