EUR ran into fresh bids in the early European session, buoyed on weakness in the European stocks EUR/GBP retakes the 0.73 handle, currently trades by fresh session highs at 0.7324 The second official UK GDP estimate due …
EUR ran into fresh bids in the early European session, buoyed on weakness in the European stocks
EUR/GBP retakes the 0.73 handle, currently trades by fresh session highs at 0.7324
The second official UK GDP estimate due ahead is projected to show the economy grew at a rate of 0.7% between the first and second quarters
Downside in the pair remains cushioned as the EUR/USD pair defends mild gains, correcting part of yesterday's losses with the German CPI figures eagerly awaited
Immediate resistance for the pair is seen at 0.7335 (Aug 27 High) levels and above which it could extend gains 0.7367 (Aug 26 High) levels
To the downside immediate support might be located at 0.7274 (Aug 27 Low) below that at 0.7256 (Aug 26 Low)
