12 Dec 2014
EUR/GBP consolidates, focus on Euro Industrial Output numbers
FXStreet (Mumbai) - The single currency weakens against the British pound, as traders await industrial activity data from the Euro zone.
Currently, the EUR/GBP pair trades at 0.7880 levels, extending losses from the previous session’s close of 0.7890. The pair continues to remain weak before a quiet European session except for Euro zone Industrial production report which is likely to come in lower than estimates.
EUR/GBP Levels to consider
The pair has an immediate resistance at 0.7902 (Dec 7 High) levels, above which gains could be extended to 0.7933 (Dec 9 High) levels. On the flip side, support is seen at 0.7875 (Dec 11 Low), below which it could extend losses to 0.7860 (Dec 9 Low) levels.
Currently, the EUR/GBP pair trades at 0.7880 levels, extending losses from the previous session’s close of 0.7890. The pair continues to remain weak before a quiet European session except for Euro zone Industrial production report which is likely to come in lower than estimates.
EUR/GBP Levels to consider
The pair has an immediate resistance at 0.7902 (Dec 7 High) levels, above which gains could be extended to 0.7933 (Dec 9 High) levels. On the flip side, support is seen at 0.7875 (Dec 11 Low), below which it could extend losses to 0.7860 (Dec 9 Low) levels.