2 May 2014
EUR/GBP is testing 0.82 support
FXStreet (Moscow) - EUR/GBP is trading at 0.8206, down -0.05% on the day, having posted a daily high at 0.8215 and low at 0.82.
Nothing to focus on
The pair is still sitting around 0.82 area waiting for new catalysts to come. Unfortunately today we won’t get any market-moving data from Europe, but still series of Final PMIs from euro zone may help to awake the market. If most of the readings both from the core economies and periphery will be revised higher we may see mild demand on the pair with initial target at 0.8226. The downside is limited by 0.8186 support. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish. Currently RSI is at 43.05, down from the last hourly print at 47.44, with ADX at 22.96, up from its previous close at 17.35.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8214, with support below at 0.8198, 0.8186 and 0.8170, with resistance above 0.8226, 0.8242, and 0.8254. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8223 and the daily 20EMA flat at 0.8211. Hourly RSI is bearish at 44.
Nothing to focus on
The pair is still sitting around 0.82 area waiting for new catalysts to come. Unfortunately today we won’t get any market-moving data from Europe, but still series of Final PMIs from euro zone may help to awake the market. If most of the readings both from the core economies and periphery will be revised higher we may see mild demand on the pair with initial target at 0.8226. The downside is limited by 0.8186 support. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish. Currently RSI is at 43.05, down from the last hourly print at 47.44, with ADX at 22.96, up from its previous close at 17.35.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8214, with support below at 0.8198, 0.8186 and 0.8170, with resistance above 0.8226, 0.8242, and 0.8254. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8223 and the daily 20EMA flat at 0.8211. Hourly RSI is bearish at 44.