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11 Feb 2013
Forex: GBP/USD in session lows, around 1.5785/90
The sterling is following the opposite direction from its European peer on Monday, dipping to session lows below the key support at 1.5800
Empty calendar in the UK today would divert traders’ attention to the euro zone and the news coming from the Eurogroup meeting.
At the moment the cross is losing 0.11% at 1.5783 with the next resistance at 1.5841 (MA21d) ahead of 1.5844 (high Feb.8) and finally 1.5879 (high Feb.1).
On the flip side, a breakdown of 1.5740 (MA10d) would expose 1.5703 (low Feb.8) and then 1.5646 (low Feb.7).
Empty calendar in the UK today would divert traders’ attention to the euro zone and the news coming from the Eurogroup meeting.
At the moment the cross is losing 0.11% at 1.5783 with the next resistance at 1.5841 (MA21d) ahead of 1.5844 (high Feb.8) and finally 1.5879 (high Feb.1).
On the flip side, a breakdown of 1.5740 (MA10d) would expose 1.5703 (low Feb.8) and then 1.5646 (low Feb.7).