FXstreet.com (Córdoba) - The Euro is stronger against Cable and is back above 0.9000. EUR/GBP fell last week to 0.8910 posting the lowest price in more than a month. Earlier on Monday the pair broke a resistance zone at 0.8990 and jumped above 0.9000 to 0.9040, intra-day high. Currently trades at 0.9025/30, 0.65% above today's opening price. EUR/GBP is rising for the first time after falling in the last five sessions.
If the pair rises further it could find resistance at 0.9045 and above at 0.9070 (Oct 28 high). On the downside, support lies at 0.8990/0.9000 and below at 0.8950.