15 Jun 2015
EUR/GBP rebounds from 0.7200
FXStreet (Edinburgh) - After finding support in the vicinity of 0.7200 the figure, EUR/GBP has now managed to regain the 0.7220/30 band.
EUR/GBP eyes on Greece
The weaker sentiment towards the shared currency following another disappointment in the EU-Greece debt talks over the weekend has been weighing on the cross, albeit the 0.7200 area has acted as a decent buffer for sellers so far.
Some second tier releases in the euro area will be surely ignored by markets, while speeches by BuBa’s J.Weidmann and ECB’s M.Draghi are poised to grab more attention. No releases due in the UK economy today.
EUR/GBP key levels
As of writing the cross is losing 0.14% at 0.7230 and a breach of 0.7197 (low Jun.12) would open the door to 0.7184 (61.8% of 0.7057-07389) and then 0.7183 (low Jun.2). On the flip side, the initial hurdle lines up at 0.7248 (daily cloud base) followed by 0.7258 (high Jun.12) and finally 0.7280 (100-d MA).
EUR/GBP eyes on Greece
The weaker sentiment towards the shared currency following another disappointment in the EU-Greece debt talks over the weekend has been weighing on the cross, albeit the 0.7200 area has acted as a decent buffer for sellers so far.
Some second tier releases in the euro area will be surely ignored by markets, while speeches by BuBa’s J.Weidmann and ECB’s M.Draghi are poised to grab more attention. No releases due in the UK economy today.
EUR/GBP key levels
As of writing the cross is losing 0.14% at 0.7230 and a breach of 0.7197 (low Jun.12) would open the door to 0.7184 (61.8% of 0.7057-07389) and then 0.7183 (low Jun.2). On the flip side, the initial hurdle lines up at 0.7248 (daily cloud base) followed by 0.7258 (high Jun.12) and finally 0.7280 (100-d MA).