10 Aug 2015
EUR/GBP flat-lined below 0.7100
FXStreet (Edinburgh) - EUR/GBP remains on the upper-0.7000s following Friday’s strong comeback of the single currency after the solid print from US Payrolls.
EUR/GBP capped by 0.7100
The European cross has managed to recover from last week’s lows around 0.6950, climbing over a big-figure following the recovery in the euro after a negative first half of the week. Gains however, appear limited around the 0.7100 handle for the time being, as both sterling and euro keep trading within a tight range in a consolidative pattern.
Nothing in terms of releases in the UK economy, while the Sentix index is only expected in Euroland.
EUR/GBP key levels
At the moment the cross is losing 0.01% at 0.7075 with the next support at 0.6963 (low Jul.22) followed by 0.6947 (low Jul.21) and finally 0.6936 (2015 low Jul.17). On the flip side, a surpass of 0.7095 (high Aug.7) would expose 0.7102 (high Jul.23) and finally 0.7160 (high Jul.27).
EUR/GBP capped by 0.7100
The European cross has managed to recover from last week’s lows around 0.6950, climbing over a big-figure following the recovery in the euro after a negative first half of the week. Gains however, appear limited around the 0.7100 handle for the time being, as both sterling and euro keep trading within a tight range in a consolidative pattern.
Nothing in terms of releases in the UK economy, while the Sentix index is only expected in Euroland.
EUR/GBP key levels
At the moment the cross is losing 0.01% at 0.7075 with the next support at 0.6963 (low Jul.22) followed by 0.6947 (low Jul.21) and finally 0.6936 (2015 low Jul.17). On the flip side, a surpass of 0.7095 (high Aug.7) would expose 0.7102 (high Jul.23) and finally 0.7160 (high Jul.27).