Forex: EUR/GBP falls to 0.8630, 12-week low

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FXstreet.com (Córdoba) - The Euro is under pressure across the board on Thursday on concerns about the Greek debt crisis. EUR/GBP fell further to 0.8629, reaching the lowest price since January 28 after Moody's downgraded the Greek government debt.

The pair is falling for the fourth consecutive session accumulating a decline of 170 pips. Current price at 0.8642/45 is 0.48% below today's opening price.

To the downside support levels lie at 0.8630/35 (session low) and below at 0.8600 (January 28 low) and 0.8570. Immediate resistance levels are located at 0.8680 (April 21 low) and above at 0.8705 and 0.8735.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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