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Home » Charts » 05/01/15: EURGBP at Fresh 6-Week Highs

05/01/15: EURGBP at Fresh 6-Week Highs

Posted by FXTimes in Charts - May 1st, 2015 12:43 pm GMT

The EURGBP soared to a fresh three-week high on Friday, as the euro gained unprecedented momentum ahead of weekend negotiations between Greece and the EU over a new bailout agreement.

The EURGBP soared to a nearly six-week high, climbing 1.2 percent to 0.7396. A close above the April 6 high of 0.7381 would lead to a test of the 0.7429 level. On the downside, initial support is located at 0.7220 followed by 0.7129.


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