19 Jan 2015
EUR/GBP unmoved after Euro Zone data
FXStreet (Mumbai) - EUR/GBP traded little changed after the data revealed that the Euro zone current account surplus shrank in November.
The EUR/GBP pair now trades at 0.7648 levels, up 0.17% on the day, having retreated from days’ high at 0.7652 posted some time ago. The EUR/GBP cross remained unchanged after the euro zone's current account surplus narrowed to EUR 18.1 billion in November, compared with EUR 19.5 billion in the previous month.
The cross remains supported as traders now eye Bank of England minutes and ECB Monetary meeting later this week for any major impact on the cross.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7662 (5-DMA) and above which it could extend gains to at 0.7675 (Jan 16 High) levels. To the downside immediate support might be located at 0.7606 (Jan 15 Low) and below that at 0.7580 levels.
The EUR/GBP pair now trades at 0.7648 levels, up 0.17% on the day, having retreated from days’ high at 0.7652 posted some time ago. The EUR/GBP cross remained unchanged after the euro zone's current account surplus narrowed to EUR 18.1 billion in November, compared with EUR 19.5 billion in the previous month.
The cross remains supported as traders now eye Bank of England minutes and ECB Monetary meeting later this week for any major impact on the cross.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7662 (5-DMA) and above which it could extend gains to at 0.7675 (Jan 16 High) levels. To the downside immediate support might be located at 0.7606 (Jan 15 Low) and below that at 0.7580 levels.