11 Apr 2014
EUR/GBP touched 0.8299 high, but hesitates to go further
FXStreet (Moscow) - EUR/GBP is trading at 0.8295, up 0.27% on the day, having posted a daily high at 0.8299 and low at 0.8271.
The pound was weaker
Finally we’ve got a more significant correction from the pound, and it translated to the EUR/GBP cross, with the pair coming closer to strong resistance level at 0.83. The pair made several attempts already trying to break above the mentioned area, but all of them failed, thus, the failure this time is not ruled out again. In case of retracement we may see the move down, with initial target at 0.8264 central pivot point for today.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8264 with support below at 0.8248, 0.8222 and 0.8206, with resistance above at 0.8290, 0.8306, and 0.8332. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8267 and the daily 20EMA bearish at 0.8287. Hourly RSI is bullish at 74.
The pound was weaker
Finally we’ve got a more significant correction from the pound, and it translated to the EUR/GBP cross, with the pair coming closer to strong resistance level at 0.83. The pair made several attempts already trying to break above the mentioned area, but all of them failed, thus, the failure this time is not ruled out again. In case of retracement we may see the move down, with initial target at 0.8264 central pivot point for today.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8264 with support below at 0.8248, 0.8222 and 0.8206, with resistance above at 0.8290, 0.8306, and 0.8332. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8267 and the daily 20EMA bearish at 0.8287. Hourly RSI is bullish at 74.