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2 Dec 2014
EUR/GBP drops back toward 0.7900
FXStreet (Córdoba) - EUR/GBP climbed to 0.7939 but lost momentum and pulled back erasing gains, moving once again toward 0.7900.
The pair rose during the European session but then as EUR/USD fell below 1.2400, lost momentum and pulled back. Recently slided to 0.7911, area located just two pips above daily lows.
Currently is down for the day but still holds above 0.7900 that is the key support level to consider in the short term. A consolidation below could trigger a bearish movement but ahead of the European Central Bank and Bank of England meetings the support is likely to hold.
The pair rose during the European session but then as EUR/USD fell below 1.2400, lost momentum and pulled back. Recently slided to 0.7911, area located just two pips above daily lows.
Currently is down for the day but still holds above 0.7900 that is the key support level to consider in the short term. A consolidation below could trigger a bearish movement but ahead of the European Central Bank and Bank of England meetings the support is likely to hold.