FXstreet.com (Córdoba) - Cable is rising for the second day in a row against the Euro extending its recovery from last week losses. EUR/GBP tumbled to 0.9033 reaching the lowest price in a week. The pair continues its decline after being rejected yesterday from 0.9155 and since then has fallen more than a hundred pips.
Currently trades at 0.9045/49, 0.37% below today's price. If the pair falls further support lies at 0.9030 and below at 0.9000 (Nov 24 low) and 0.8975 (Nov 25 low). To the upside resistance could be located at 0.9065 (Nov 25 high / Dec 01 low) and above at 0.9105 (intra-day high).