8 Apr 2014
EUR/GBP bears let their chance slip through the fingers
FXStreet (Moscow) - EUR/GBP dropped to intraday lows of 0.8260, but manager to rebound to 0.8270 as traders are waiting the UK industrial production numbers
Just a little bit’s enough
The pair is still trading well below the recent highs trying to find the reason to sell off to buy. Since both European currencies are not in good shape for now, we may say it’s a race who will be the first to bring positive surprise. Today, the pound has the opportunity to outdrive the euro on the back of better than expected UK Industrial Production. The only condition is to get it positive. In this case we may see new wave of sell-off with initial target at 0.8260 support level.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8273 with support below at 0.8260, 0.8245 and 0.8232, with resistance above at 0.8288, 0.8301, and 0.8316. Hourly Moving Averages are mixed, with the 200SMA at 0.8278 and the daily 20EMA bearish at 0.8298. Hourly RSI is neutral at 46.
Just a little bit’s enough
The pair is still trading well below the recent highs trying to find the reason to sell off to buy. Since both European currencies are not in good shape for now, we may say it’s a race who will be the first to bring positive surprise. Today, the pound has the opportunity to outdrive the euro on the back of better than expected UK Industrial Production. The only condition is to get it positive. In this case we may see new wave of sell-off with initial target at 0.8260 support level.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8273 with support below at 0.8260, 0.8245 and 0.8232, with resistance above at 0.8288, 0.8301, and 0.8316. Hourly Moving Averages are mixed, with the 200SMA at 0.8278 and the daily 20EMA bearish at 0.8298. Hourly RSI is neutral at 46.