12 Aug 2015
EUR/GBP about to post highest close in a month
FXStreet (Córdoba) - The euro is rising against the pound for the second day in a row and for the fourth time out of the last five days. EUR/GBP climbed to 0.7169 earlier, reaching the strongest level since June 13. Afterwards pulled back finding support at 0.7135/40.
A stronger EUR
The euro is rising across the board on Wednesday unaffected by economic data form the Eurozone and amid expectations of a deal between Greece and EU officials that would implicate a new loan, removing short term default fears.
On the opposite side, the pound weakened after the release of UK employment data. The report was mostly in line with market consensus but the lower-than-expected rise in earnings, weighed on the pound.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=b27a128c-e48c-4d31-a47a-0e0392508945
EUR/GBP technical levels
To the downside, immediate support levels might lie at 0.7130 (American session low), 0.7095 (August 7, 10 high) and 0.7050. On the opposite direction, resistance could be located at 0.7170 (daily high), 0.7195 and 0.7225 (July 8 ,10 high).
A stronger EUR
The euro is rising across the board on Wednesday unaffected by economic data form the Eurozone and amid expectations of a deal between Greece and EU officials that would implicate a new loan, removing short term default fears.
On the opposite side, the pound weakened after the release of UK employment data. The report was mostly in line with market consensus but the lower-than-expected rise in earnings, weighed on the pound.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=b27a128c-e48c-4d31-a47a-0e0392508945
EUR/GBP technical levels
To the downside, immediate support levels might lie at 0.7130 (American session low), 0.7095 (August 7, 10 high) and 0.7050. On the opposite direction, resistance could be located at 0.7170 (daily high), 0.7195 and 0.7225 (July 8 ,10 high).