18 Sep 2013
EUR/GBP hits 8-month low
FXstreet.com (Córdoba) - The Sterling strengthened Wednesday after the BoE minutes showed the MPC unanimously voted to keep rates unchanged at its last meeting, dragging EUR/GBP to a fresh 8-month low.
EUR/GBP weighed by BoE minutes
After 2 days of correction, the EUR/GBP resumed the downside and having spent the whole day below 0.8400, it printed its lowest since January 17 at 0.8352, weighed by the minutes. At time of writing, EUR/GBP is trading at the 0.8355/60 zone, where it records a 0.3% loss on the day.
EUR/GBP levels to watch
As for technical levels, if EUR/GBP breaks decisively below 0.8350, next supports could be found at 0.8325 (Jan 14 & 15 high) and 0.8300 (psychological level). On the other hand, resistances are seen at 0.8398/0.8400 (daily high/psychological level) and 0.8410 (Sep 17 high/200-hour SMA) ahead of 0.8425 (Sep 13 high).
EUR/GBP weighed by BoE minutes
After 2 days of correction, the EUR/GBP resumed the downside and having spent the whole day below 0.8400, it printed its lowest since January 17 at 0.8352, weighed by the minutes. At time of writing, EUR/GBP is trading at the 0.8355/60 zone, where it records a 0.3% loss on the day.
EUR/GBP levels to watch
As for technical levels, if EUR/GBP breaks decisively below 0.8350, next supports could be found at 0.8325 (Jan 14 & 15 high) and 0.8300 (psychological level). On the other hand, resistances are seen at 0.8398/0.8400 (daily high/psychological level) and 0.8410 (Sep 17 high/200-hour SMA) ahead of 0.8425 (Sep 13 high).