The pair is trading now right above 1.2770/80 support level (Aug 27 high/Sept 2 low), with next support levels below here, at 1.2745 (Aug 31 high) and 1.2700 (intra-day level). On the upside, immediate resistance lies at 1.2835 (daily pivot point R1), and above here, 1.2855 (Sept 1 high) and 1.2875 session high).

EUR/GBP rally from Aug 23 low at 0.8140 extended on Monday to a fresh 5-week high at 0.8390, where the Euro found resistance, and the pair pulled back during Asian session to find support at 0.8320 session low.

Tue, Sep 7 2010, 06:21 GMT
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