23 Aug 2013
EUR/GBP posts weekly high ahead of US open
FXstreet.com (Barcelona) - Having declined following better than expected UK GDP data, EUR/GBP posted a daily low at 0.8451 before reversing its declines and pushing higher ahead of the US open.
This morning saw in line German GDP data, and better than expected UK GDP, but led by a declining Pound, EUR/GBP has pushed onwards to post a weekly higher at 0.8589. Spot is currently trading at 0.8585, up 0.18% on the days trading. Ahead this afternoon, the final piece of the European docklet is EU Consumer Confidence at 14:00 GMT.
EUR/GBP technically bullish
The FXstreet.com Trend Index is showing the pair to be slightly bullish, while the OB/OS Index is showing near term overnought conditions. Pivot support below can be see at 0.8536, 0.8500 and 0.8479, with resistance ahead at 0.8593, 0.8614 and 0.8650. Hourly oscillators, both RSI and Stochastics are reflecting overbought.
This morning saw in line German GDP data, and better than expected UK GDP, but led by a declining Pound, EUR/GBP has pushed onwards to post a weekly higher at 0.8589. Spot is currently trading at 0.8585, up 0.18% on the days trading. Ahead this afternoon, the final piece of the European docklet is EU Consumer Confidence at 14:00 GMT.
EUR/GBP technically bullish
The FXstreet.com Trend Index is showing the pair to be slightly bullish, while the OB/OS Index is showing near term overnought conditions. Pivot support below can be see at 0.8536, 0.8500 and 0.8479, with resistance ahead at 0.8593, 0.8614 and 0.8650. Hourly oscillators, both RSI and Stochastics are reflecting overbought.