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EUR/GBP rises toward 0.7200

FXStreet (Córdoba) - The euro made a stronger recovery on Thursday against the pound and is back at the level it had yesterday. EUR/GBP rose sharply during the European and the American session and rose toward 0.7200.

EUR/GBP strong bounce from 5-week lows

Earlier the pair dropped to 0.7117 hitting the lowest value since March 16 but then, weak UK data and some positive expectations about a deal between Greece and the Troika boosted the euro.

Yesterday the pair posted the lowest close in 5-weeks and today is having the best performance in a month, currently attempting to rise back above 0.7200. Above, the next resistance levels might lie at 0.7235 (April 14 high) and 0.7260.

USD/CAD drops to 1.2130

The US dollar intensifies the intraday downside on Thursday, now dragging USD/CAD to weekly lows near 1.2130...
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GBP/USD: How far can it go?

GBP/USD is currently trading at 1.5060 with a high of 1.5071 and a low of 1.4958.
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