Forex: EUR/GBP settles around 0.8380

Thu, Jul 29 2010, 20:41 GMT
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FXstreet.com (Barcelona) - The Euro common currency has accelerated against other majors today, with the EUR/GBP adding nearly 50 pips since its opening price. The pair reached a fresh intraday high of 0.8396 however retreated in the final hours of Wall Street to settle around 0.8380 by closing bell.

Currently the pair quotes in at 0.8375, where it is a solid 0.52% higher on the day. With horizontal trading expected in the off hours, the next support levels are listed at 0.8360 and later 0.8339. On the upside, resistance is placed at 0.8392 and 0.8412.

EUR/GBP

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