The euro recorded gains against the pound yesterday, after rebounding from the major support level at 0.7415 as the lowest was set at 0.7413. Nevertheless, closing below the major level at 0.7480 weakened the euro’s upside momentum and for that we expect a sideways movement today for the pair, ranging 0.7398-0.7505, yet trading and closing above 0.7480 this week will open the way for further upside waves reaching to 0.7560 levels.


Resistance0.7480 0.7490 0.7505 0.7530 0.7560