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17 Jul 2015
EUR/GBP keeps falling, around 0.6950
FXStreet (Edinburgh) - EUR/GBP remains on the downside at the end of the week, testing fresh almost 8-year lows in the mid-0.6900s.
EUR/GBP dragged lower by GBP
The resilience surrounding the sterling following recent comments by Governor Carney and MPC member Miles keeps dragging the European cross lower, helped at the same time by the offered tone around the single currency, which remains intact for the time being.
Absent data releases in both the UK and Euroland today, Greek headlines regarding the situation around the domestic banking system and the US docket are poised to dictate the price action.
EUR/GBP relevant levels
As of writing the cross is down 0.29% at 0.6947 with the next support at 0.6900 (psychological level). On the upside, a break above 0.6978 (high Jul.17) would expose 0.7068 (high Jul.15) and then 0.7202 (high Jul.13).
EUR/GBP dragged lower by GBP
The resilience surrounding the sterling following recent comments by Governor Carney and MPC member Miles keeps dragging the European cross lower, helped at the same time by the offered tone around the single currency, which remains intact for the time being.
Absent data releases in both the UK and Euroland today, Greek headlines regarding the situation around the domestic banking system and the US docket are poised to dictate the price action.
EUR/GBP relevant levels
As of writing the cross is down 0.29% at 0.6947 with the next support at 0.6900 (psychological level). On the upside, a break above 0.6978 (high Jul.17) would expose 0.7068 (high Jul.15) and then 0.7202 (high Jul.13).