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17 Sep 2013
EUR/GBP trims daily gains
FXstreet.com (Córdoba) - The EUR/GBP trades a tad firmer in the aftermath of the European session, where Germany reported a stronger-than-expected ZEW survey and the UK released soft CPI figures.
EUR/GBP rallied above 0.8400 and printed a daily high of 0.8409 before losing momentum and pulling back below the psychological level. However, with the setback being contained by the 10-hour SMA the pair settled in a slim range.
EUR/GBP supports and resistances
At time of writing, EUR/GBP is trading at the 0.8390 zone, still 0.2% above its opening price. In terms of technical levels, the pair could find immediate resistances at 0.8409 (daily high) and 0.8415 (10-day SMA) ahead of 0.8425 (Sep 12 high).
EUR/GBP rallied above 0.8400 and printed a daily high of 0.8409 before losing momentum and pulling back below the psychological level. However, with the setback being contained by the 10-hour SMA the pair settled in a slim range.
EUR/GBP supports and resistances
At time of writing, EUR/GBP is trading at the 0.8390 zone, still 0.2% above its opening price. In terms of technical levels, the pair could find immediate resistances at 0.8409 (daily high) and 0.8415 (10-day SMA) ahead of 0.8425 (Sep 12 high).