16 Feb 2015
EUR/GBP retreats from highs
FXStreet (Edinburgh) - After climbing to session highs in the 0.7430 area, EUR/GBP is now giving away some gains and returning to the 0.7415/10 band.
EUR/GBP eyes on Greece
Empty docket in the UK economy and lack of relevant releases in the euro area will leave markets’ attention to the Eurogroup-Greece meeting as the main catalyst for price action today. The cross remains in a narrow range however, looking to extend the recent bounce off sub-0.7380 levels posted last week (Thursday).
Ahead in the week, UK inflation figures due tomorrow and the ECB ‘accounts’ on Thursday will be the main events for the cross.
EUR/GBP significant levels
The cross is now advancing 0.24% at 0.7418 with the next hurdle at 0.7442 (200-h MA) ahead of 0.7446 (10-d MA) and finally 0.7455 (high Feb.12). On the downside, a breach of 0.7372 (7-year low Feb.12) would open the door to 0.7321 (monthly low Jan.2008) and then 0.7256 (61.8% of 0.5681-0.9805).
EUR/GBP eyes on Greece
Empty docket in the UK economy and lack of relevant releases in the euro area will leave markets’ attention to the Eurogroup-Greece meeting as the main catalyst for price action today. The cross remains in a narrow range however, looking to extend the recent bounce off sub-0.7380 levels posted last week (Thursday).
Ahead in the week, UK inflation figures due tomorrow and the ECB ‘accounts’ on Thursday will be the main events for the cross.
EUR/GBP significant levels
The cross is now advancing 0.24% at 0.7418 with the next hurdle at 0.7442 (200-h MA) ahead of 0.7446 (10-d MA) and finally 0.7455 (high Feb.12). On the downside, a breach of 0.7372 (7-year low Feb.12) would open the door to 0.7321 (monthly low Jan.2008) and then 0.7256 (61.8% of 0.5681-0.9805).