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14 Feb 2014
EUR/GBP - it’s alive!
FXStreet (Moscow) - EUR/GBP died yesterday at 0.8215, since neither the euro, nor the pound tried to break the balance, but came to live in Europe rising to 0.8227 right now.
EUR/GBP may resume the sell-off
Despite the extra-narrow range of the pair, we may see interesting movements as the day progresses. The pair showed some corrective move, though from fundamental side the rise is limited by 0.8236 resistance given a series of weak data from the EMU, and quite supportive Inflation report from the UK. The released today German GDP numbers did support the pair, though there is EMU GDP is still in store. To the downside we may see 0.82 support level followed by 0.8186.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.82 with support below at 0.8186, 0.8157 and 0.8136, with resistance above at 0.8236, 0.8257, and 0.8286. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8281 and the daily 20EMA bearish at 0.8269. Hourly RSI is neutral at 54.
EUR/GBP may resume the sell-off
Despite the extra-narrow range of the pair, we may see interesting movements as the day progresses. The pair showed some corrective move, though from fundamental side the rise is limited by 0.8236 resistance given a series of weak data from the EMU, and quite supportive Inflation report from the UK. The released today German GDP numbers did support the pair, though there is EMU GDP is still in store. To the downside we may see 0.82 support level followed by 0.8186.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.82 with support below at 0.8186, 0.8157 and 0.8136, with resistance above at 0.8236, 0.8257, and 0.8286. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8281 and the daily 20EMA bearish at 0.8269. Hourly RSI is neutral at 54.