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27 May 2014
EUR/GBP staged another failed attempt to settle above 0.8100
FXStreet (Moscow) - EUR/GBP rejected the Asian high at 0.8111 and returned to the area below 0.8100; currently the cross is trading at 0.8089
EUR/GBP is playing with 0.81
The pair rebounded yesterday due to some mild interest to the single currency on the stable position of Germany in European Parliament. Nevertheless, the attempts to position above 0.81 were hopeless, and the resistance remains intact so far. The empty EMU calendar, and the released from the UK mortgage approvals data may focus the market on the pound moves. Positive British data may provide the support to the sterling, and send the pair to initial support.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8099 with support below at 0.8087, 0.8073 and 0.8062, with resistance above at 0.8111, 0.8123, and 0.8137. Hourly Moving Averages are neutral, with the 200SMA at 0.8129 and the daily 20EMA at 0.8157. Hourly RSI is bullish at 22.
EUR/GBP is playing with 0.81
The pair rebounded yesterday due to some mild interest to the single currency on the stable position of Germany in European Parliament. Nevertheless, the attempts to position above 0.81 were hopeless, and the resistance remains intact so far. The empty EMU calendar, and the released from the UK mortgage approvals data may focus the market on the pound moves. Positive British data may provide the support to the sterling, and send the pair to initial support.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8099 with support below at 0.8087, 0.8073 and 0.8062, with resistance above at 0.8111, 0.8123, and 0.8137. Hourly Moving Averages are neutral, with the 200SMA at 0.8129 and the daily 20EMA at 0.8157. Hourly RSI is bullish at 22.