4 Mar 2014
EUR/GBP still feels like going North
FXStreet (Moscow) - EUR/GBP made an attack at 0.8260, but failed, and fell back to 0.8240 at the moment.
Euro has a dream
Yesterday the pair bumped into 0.8230 support level, and resumed the rise, covering the Monday opening gap. Today we saw a shy attempt to break above 0.8254 resistance level, but the euro met a bunch of sellers around and retraced back to 0.8240. Nevertheless, the pair has good potential to go higher this week given the market sentiment waiting unchanged monetary policy from the ECB. Up till Thursday we don’t expect to see any significant downward moves as buyers’ interest may increase every time the pair nears 0.82 area. The upside is limited by 0.8282 resistance level.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8239 with support below at 0.8226, 0.8211 and 0.8198, with resistance above at 0.8254, 0.8267, and 0.8282. Hourly Moving Averages are bullish, with the 200SMA bearish at 0.8234 and the daily 20EMA flat at 0.8243. Hourly RSI is neutral at 55.
Euro has a dream
Yesterday the pair bumped into 0.8230 support level, and resumed the rise, covering the Monday opening gap. Today we saw a shy attempt to break above 0.8254 resistance level, but the euro met a bunch of sellers around and retraced back to 0.8240. Nevertheless, the pair has good potential to go higher this week given the market sentiment waiting unchanged monetary policy from the ECB. Up till Thursday we don’t expect to see any significant downward moves as buyers’ interest may increase every time the pair nears 0.82 area. The upside is limited by 0.8282 resistance level.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8239 with support below at 0.8226, 0.8211 and 0.8198, with resistance above at 0.8254, 0.8267, and 0.8282. Hourly Moving Averages are bullish, with the 200SMA bearish at 0.8234 and the daily 20EMA flat at 0.8243. Hourly RSI is neutral at 55.