Forex: EUR/GBP settles around 0.8000

FXstreet.com (Córdoba) - The euro rose against the pound on Monday given the broad weakness seen in the GBP, and reached a 5-day high of 0.8018 at the beginning of the New York session. However, the pair lost momentum during the afternoon trade and slid back to the 0.8000 area, where it has spent the last hours in quiet consolidation.

At time of writing, EUR/GBP is trading at the 0.8005 zone, still up 0.2% on the day. In terms of technical levels, immediate resistances are seen at 0.8030, 0.8055 and 0.8075, while on the downside supports could be found at 0.7990, 0.7970 and 0.7960.

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