4 Apr 2014
EUR/GBP back to where it started
FXStreet (London) - Following a mildly softer than expected NFP release, and in-line US Employment data, EUR/GBP has remained relatively calm.
EUR/GBP Technicals
Currently, EUR/GBP is trading at 0.8255, down -0.13% on the day, having posted a daily high at 0.8280 and low at 0.8254. EUR/GBP spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. RSI is in neutral territory at 39.53, down from it’s last hourly close at 46.07, while ADX is ranging above 30 at 13.13, down from 17.90 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 43.86.
The 200 SMA is currently at 0.8272, down from 0.8294 at the last period close, and declining on the hourly EUR/GBP chart. Moving with a rangebound trend, the exponential average closing price is 0.8304. 2-Standard Deviation Volatility Bandwidth is presently at 13 pips and expanding on the hourly EUR/GBP chart, while the ATR (14) is currently at 8 pips. 2-Standard Deviation Volatility Bandwidth is at 172 pips and shrinking on a daily chart.
EUR/GBP Levels
Current price is 0.8255, with resistance ahead at 0.8259 (Yesterday's Low), 0.8264 (Weekly Low), 0.8266 (Daily Open), 0.8267 (Hourly 20 EMA) and 0.8277 (Hourly 100 SMA). Next support to the downside can be found at 0.8254 (Daily Low), 0.8244 (Daily Classic S1), 0.8222 (Daily Classic S2), 0.8213 (Monthly Low) and 0.8208 (Weekly Classic S1)
EUR/GBP Technicals
Currently, EUR/GBP is trading at 0.8255, down -0.13% on the day, having posted a daily high at 0.8280 and low at 0.8254. EUR/GBP spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. RSI is in neutral territory at 39.53, down from it’s last hourly close at 46.07, while ADX is ranging above 30 at 13.13, down from 17.90 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 43.86.
The 200 SMA is currently at 0.8272, down from 0.8294 at the last period close, and declining on the hourly EUR/GBP chart. Moving with a rangebound trend, the exponential average closing price is 0.8304. 2-Standard Deviation Volatility Bandwidth is presently at 13 pips and expanding on the hourly EUR/GBP chart, while the ATR (14) is currently at 8 pips. 2-Standard Deviation Volatility Bandwidth is at 172 pips and shrinking on a daily chart.
EUR/GBP Levels
Current price is 0.8255, with resistance ahead at 0.8259 (Yesterday's Low), 0.8264 (Weekly Low), 0.8266 (Daily Open), 0.8267 (Hourly 20 EMA) and 0.8277 (Hourly 100 SMA). Next support to the downside can be found at 0.8254 (Daily Low), 0.8244 (Daily Classic S1), 0.8222 (Daily Classic S2), 0.8213 (Monthly Low) and 0.8208 (Weekly Classic S1)