Forex: EUR/GBP falls to 0.8956, daily low

By IBTimes Staff Reporter | January 12 2010 2:43 PM

FXstreet.com (Córdoba) - The Euro is falling against the Pound on Tuesday. EUR/GBP broke below 0.8990 during the European session and fell to 0.8960. A few minutes ago the Euro weakened further and slid below 0.8960 to 0.8955, reaching a fresh intra-day low.

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Currently the pair trades near the lows of the day at 0.8958/62, 0.51% below today's opening price. The Euro failed earlier to hold above 0.9000 and weakened.

To the upside the pair faces an important resistance at 0.9030. To the downside, support could be located at 0.8925/20 and below at 0.8850.

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