13 Nov 2013
EUR/GBP declines on improving UK Employment data
FXstreet.com (Barcelona) - Having peaked overnight at 0.8431, EUR/GBP has declined into the European session, declining sharply to 0.8426 on the initial release of UK Employment data which saw an improvement in the Claimant Count and the ILO Unemployment Rate.
EUR/GBP declines on improving UK employment data
EUR/GBP declined 30 pips in the immediate aftermath of the better than expected, and previous Claimant Count and ILO Unemployment data, and is now trading at 0.8431, down -0.19% on the days trading. All focus now falls on the BoE Inflation Report which is due at 10:30 GMT.
What EUR/GBP price levels should be watched today?
Today’s central pivot point is 0.8425, with support at 0.8397 (S1), 0.8350 (S2) and 0.8322 (S3), and resistance at 0.8472 (R1), 0.8500 (r2) and 0.8547 (R3). Especial attention should be paid to the range between 0.8450-0.8416 where several key levels are clustered.
EUR/GBP declines on improving UK employment data
EUR/GBP declined 30 pips in the immediate aftermath of the better than expected, and previous Claimant Count and ILO Unemployment data, and is now trading at 0.8431, down -0.19% on the days trading. All focus now falls on the BoE Inflation Report which is due at 10:30 GMT.
What EUR/GBP price levels should be watched today?
Today’s central pivot point is 0.8425, with support at 0.8397 (S1), 0.8350 (S2) and 0.8322 (S3), and resistance at 0.8472 (R1), 0.8500 (r2) and 0.8547 (R3). Especial attention should be paid to the range between 0.8450-0.8416 where several key levels are clustered.