FXstreet.com (Barcelona) - While the EUR/USD rallies towards 1.3000 psychological level, the GBP/USD is still on the move to recover Friday’s closing price at 1.5575, meaning a rally in the EUR/GBP.
At the moment, the EUR/GBP is pricing at 0.8350 and is 21 pips from a full retracement of Friday’s losses, needing to get back to 0.8371.
Once the cross breaches above 0.8371, 0.8400 psychological level and Dec-29 high, at 0.8420 are the next resistances. If the EUR/GBP returns to the downside, 0.8300 level and today’s low at 0.8283 should be resistances.
At the moment, the EUR/GBP is pricing at 0.8350 and is 21 pips from a full retracement of Friday’s losses, needing to get back to 0.8371.
Once the cross breaches above 0.8371, 0.8400 psychological level and Dec-29 high, at 0.8420 are the next resistances. If the EUR/GBP returns to the downside, 0.8300 level and today’s low at 0.8283 should be resistances.
