EUR/GBP approaches 0.8000

FXStreet (Córdoba) - The EUR/GBP continues to rise on Wednesday and peaked at 0.7994, reaching the highest price since August 22. Afterwards the pair pulled back but found support around 0.7980 and it was trading at 0.7985, 15 pips above the price it closed yesterday.

The euro is rising for the second day in a row against the Pound; rising more than a hundred pips from Monday’s lows.

EUR/GBP technical levels

To the upside, immediate resistance lies at 0.8000 and above here at 0.8030/35 (June 25, August 14 highs). To the downside, immediate support lies at 0.7980 (American session low) and then 0.7960/65 (daily low).