17 Jun 2014
EUR/GBP is gravitated to 0.80
FXStreet (Moscow) - EUR/GBP started the day at 0.7991, touched 0.8003 high, and slid to 0.7986 at the moment.
When the pound is weak…
The pair is still not ready to give up 0.80 area, and every new day of not growing pound may be used to correct back closer to the mentioned resistance. It already touched 0.8003 in Asian trades, and may repeat it later if some conditions are met. The released today UK CPI data may give a clue for further direction, and really weak numbers are needed in order to see the comeback above 0.80 with the next target at 0.8019 on tap.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7982, with support below at 0.7969, 0.7945 and 0.7932 with resistance above at 0.8006, 0.8019, and 0.8043. Hourly Moving Averages are mostly bearish, with the 200SMA at 0.8064 and the daily 20EMA bearish at 0.8089. Hourly RSI is bullish at 50.
When the pound is weak…
The pair is still not ready to give up 0.80 area, and every new day of not growing pound may be used to correct back closer to the mentioned resistance. It already touched 0.8003 in Asian trades, and may repeat it later if some conditions are met. The released today UK CPI data may give a clue for further direction, and really weak numbers are needed in order to see the comeback above 0.80 with the next target at 0.8019 on tap.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7982, with support below at 0.7969, 0.7945 and 0.7932 with resistance above at 0.8006, 0.8019, and 0.8043. Hourly Moving Averages are mostly bearish, with the 200SMA at 0.8064 and the daily 20EMA bearish at 0.8089. Hourly RSI is bullish at 50.