EUR/GBP pops higher towards 0.8600 level : vimarsana.com

EUR/GBP pops higher towards 0.8600 level


Mar 12, 2021 17:31 GMTFXStreet News
EUR/GBP has moved above its recent intra-day trading range and is eyeing a test of 0.8600.
The catalysts of the move is unclear, though there has been plenty of news to keep on top of.
Midway through the European morning session, EUR/GBP saw a bout of buying that has pushed it back towards the 0.8600 level and out of its prior 0.8550-0.8580 range that had persisted over the last few days. The pair is now testing resistance offered by last week’s 0.8595 lows, as well as, of course, the psychological 0.8600 level. At the time of writing, EUR/GBP trades around 30 pips or just over 0.3% higher on the day.

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