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4 Feb 2015
EUR/GBP hovers near lows post mixed Euro zone data
FXStreet (Mumbai) - EUR/GBP hovered around fresh session lows, little affected by the retails sales from the European Union eased on a monthly basis, while retail volumes accelerated on a yearly basis.
EUR/USD unmoved by the data
The EUR/GBP pair traded at 0.7542 levels, down 0.36% on the day, close to fresh session lows of 0.7538 levels posted some minutes ago. EUR/GBP remained uninspired by the mixed retail sales data which showed EU retail sales rose by 0.3% in December compared to the previous month. On an yearly basis, sales gained 2.8% during the reported month, accelerating growth after an upwardly revised 1.6% hike seen in November.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7584 and above which it could extend gains to at 0.7620 levels. To the downside immediate support might be located at 0.7525 and below that at 0.7500 levels.
EUR/USD unmoved by the data
The EUR/GBP pair traded at 0.7542 levels, down 0.36% on the day, close to fresh session lows of 0.7538 levels posted some minutes ago. EUR/GBP remained uninspired by the mixed retail sales data which showed EU retail sales rose by 0.3% in December compared to the previous month. On an yearly basis, sales gained 2.8% during the reported month, accelerating growth after an upwardly revised 1.6% hike seen in November.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7584 and above which it could extend gains to at 0.7620 levels. To the downside immediate support might be located at 0.7525 and below that at 0.7500 levels.