30 Dec 2013
EUR/GBP struggling to hold support at 0.8329 heading into data releases in European session
FXstreet.com (Barcelona) - The EUR/GBP is still battling to hold up above important short-term support at 0.8329. Data during the European session could spurn a sizable move in either direction.
EUR/GBP traders await British and German data
Over the next several hours, British Housing Prices and German Retail Sales will be released and may give hungry EUR/GBP traders an opportunity for a little price movement during an otherwise very quiet holiday Monday session.
Technical outlook for EUR/GBP
Technicians say the EUR/GBP is barely holding onto short-term support at 0.8329. Additional support comes into play at the 11/7 low of 0.8299. Resistance for the cross comes in at last week’s high of 0.8391 and then the 12/17 high of 0.8465.
EUR/GBP traders await British and German data
Over the next several hours, British Housing Prices and German Retail Sales will be released and may give hungry EUR/GBP traders an opportunity for a little price movement during an otherwise very quiet holiday Monday session.
Technical outlook for EUR/GBP
Technicians say the EUR/GBP is barely holding onto short-term support at 0.8329. Additional support comes into play at the 11/7 low of 0.8299. Resistance for the cross comes in at last week’s high of 0.8391 and then the 12/17 high of 0.8465.