31 Jul 2013
EUR/GBP held at the 0.8700 region
FXstreet.com (New York) - The EUR/GBP technical cross has been held in stasis during Asian trading Wednesday morning, wavering a meager a mere 4 pips thus far (0.8701 – 0.8705).
EUR/GBP event risk
The EUR/GBP has a busy day ahead of it, starting at 7:55 GMT with the release of German Unemployment Rate s.a. (July), along with Unemployment Change. Later in the day at 9:00 GMT investors will learn of EMU CPI in July.
EUR/GBP technical bias
The EUR/GBP is presently trading at the 0.8704 in these moments, securing a tepid advance of +0.01%. Technically speaking, the EUR/GBP will face resistance at 0.8706 (July 17 high), onto 0.8722 (March 12 low), 0.8745 (March 12 high).
EUR/GBP event risk
The EUR/GBP has a busy day ahead of it, starting at 7:55 GMT with the release of German Unemployment Rate s.a. (July), along with Unemployment Change. Later in the day at 9:00 GMT investors will learn of EMU CPI in July.
EUR/GBP technical bias
The EUR/GBP is presently trading at the 0.8704 in these moments, securing a tepid advance of +0.01%. Technically speaking, the EUR/GBP will face resistance at 0.8706 (July 17 high), onto 0.8722 (March 12 low), 0.8745 (March 12 high).