25 Jul 2013
EUR/GBP dipped below the figure
FXstreet.com (London) - EUR/GBP dipped below the figure on the release of GDP in line with expectations but has since recovered.
EUR/GBP has fully reversed the pain felt after that release, which in fact came in line with expectations. The numbers printed 0.6% QoQ and 1.4% YoY in line with consensus. Previously, German IFO improved slightly and beat expectations and is aiding the pair for the time being.
EUR/GBP mixed
EUR/GBP is testing the 0.8514 3-month uptrend and eyes 0.8620 resistance for 0.8630 territories. However, broadly speaking, the bear trend will remain in tact unless the pair could manage to rise above the current July high at 0.8710. This would bring this year’s 0.8793/0.8814 highs back into focus.
EUR/GBP has fully reversed the pain felt after that release, which in fact came in line with expectations. The numbers printed 0.6% QoQ and 1.4% YoY in line with consensus. Previously, German IFO improved slightly and beat expectations and is aiding the pair for the time being.
EUR/GBP mixed
EUR/GBP is testing the 0.8514 3-month uptrend and eyes 0.8620 resistance for 0.8630 territories. However, broadly speaking, the bear trend will remain in tact unless the pair could manage to rise above the current July high at 0.8710. This would bring this year’s 0.8793/0.8814 highs back into focus.