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29 Dec 2014
EUR/GBP hits fresh daily highs, ignores failed Greek vote
FXStreet (Mumbai) - The single currency advanced against the British pound as markets ignored the outcome of Greek vote.
Currently, the EUR/GBP pair trades near fresh daily high of 0.7844 levels, up 0.12% on the day. The single currency clocked fresh daily highs against the pound immediately after the outcome of Greek vote as traders mull over the news that Greece's government candidate Stavros Dimas failed to win enough votes in the crucial third round of presidential elections, calling for snap general elections next month.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7903 (Dec 8 High) and above which it could extend gains to at 0.7933 (Dec 9 High) levels. To the downside immediate support might be located at 0.7833 (Dec 18 Low) and below that at 0.78 levels.
Currently, the EUR/GBP pair trades near fresh daily high of 0.7844 levels, up 0.12% on the day. The single currency clocked fresh daily highs against the pound immediately after the outcome of Greek vote as traders mull over the news that Greece's government candidate Stavros Dimas failed to win enough votes in the crucial third round of presidential elections, calling for snap general elections next month.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7903 (Dec 8 High) and above which it could extend gains to at 0.7933 (Dec 9 High) levels. To the downside immediate support might be located at 0.7833 (Dec 18 Low) and below that at 0.78 levels.